InvestMate|USD/CAD Not Giving Up🍁

🍁USD/CAD Not Giving Up

🍁The scenario since my last post remains unchanged:

🍁Looking at the behaviour of the USD/CAD price in recent days.

🍁We could call it indecisiveness mixed with a desire to continue upwards.

🍁Following yesterday's 50 basis point interest rate hike in the US, investors in the market resumed the strengthening of the US dollar.

🍁Given that there is no sign of a continuation of the trajectory of interest rate rises ahead. I was surprised to see such a sharp reaction of dollar strengthening.

🍁But in the case of the pair, the main ingredient for the increases is the weak Canadian dollar in recent months.

🍁Looking at the fact that we are above the 50 and 200 period moving average and the MACD and RSI are presenting very bullish signals I have no doubts about the price direction.

🍁The upside scenario remains unchanged, I expect the uptrend to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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