• Context:
• BoC: Relatively high rates; Canada is heavily reliant on oil markets, which can impact CAD.
• Oil: If prices rise, CAD tends to be supported; if they fall, USD/CAD goes up.
• Possible Direction:
• Bias: Slightly bullish for USD/CAD, especially if US data remain solid.
• Catalysts: Oil price developments and Canadian economic data.
• BoC: Relatively high rates; Canada is heavily reliant on oil markets, which can impact CAD.
• Oil: If prices rise, CAD tends to be supported; if they fall, USD/CAD goes up.
• Possible Direction:
• Bias: Slightly bullish for USD/CAD, especially if US data remain solid.
• Catalysts: Oil price developments and Canadian economic data.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.