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Usdcadanalysis

2023/04/04 21:00 USD/CAD analysisPivot point: 1.3461 Currently: Resisted at 1.3635 and retraced back to 1.3586 Reaction: Consolidating at this 1.3336 level, its next support zone is 1.3260 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on TradingView~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
Short
by idealcase
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. We think it will go up to the 1.3776 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3300 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall