If Fed surprises with additional rate hikes or inflation prints higher, expect Fed to pump USD further devaluing the Loonie.
Many posting similar views. USD/DXY rally or failure of support dating back to Sept 2017 will determine direction here.
Upside bearish for Metals, Equities, Crypto, etc. Downside keeps the current rally alive.
Highlighting short term daily resistance levels. 3800 and 3950 will be key for bulls to breakout.
Short term pain for all currencies, but long-term, this price expansion to the downside looks inevitable over the next 10+ years.
