USDCAD ON the move
hello traders if you look at the weekly monthly or yearly chart for usdcad you will find a good structure of what is the price action for this asset.
I am analyzing the next price move for this asset as the price is currently sitting at 1.37417 ,if it takes a dip to 1.35136 only if it crosses 1.36316 then it will head back to 1.38107 and when it take out this It will take out 1.46144. price can reject of 1.37113 and take out last high. Narratives are very strong specially as feds increased rates yet again. this probes a very big impact on CAD. I also see that price can take pout the last low at 1.36 which is not possible in my opinion as the market conditions are very tough rn now specially for us too as Russia and china are talking bout their trade of median to be rubles which is Russian currency.please feel free to share your thoughts. CAIO
I am analyzing the next price move for this asset as the price is currently sitting at 1.37417 ,if it takes a dip to 1.35136 only if it crosses 1.36316 then it will head back to 1.38107 and when it take out this It will take out 1.46144. price can reject of 1.37113 and take out last high. Narratives are very strong specially as feds increased rates yet again. this probes a very big impact on CAD. I also see that price can take pout the last low at 1.36 which is not possible in my opinion as the market conditions are very tough rn now specially for us too as Russia and china are talking bout their trade of median to be rubles which is Russian currency.please feel free to share your thoughts. CAIO
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