USD/CAD Trend During US Trading Session
USD/CAD news:
🔆The USD/CAD pair rose to 1.4200 during the European session on Friday, after hitting a three-day low of 1.4166. The pair gained momentum as the US dollar recovered, with the US Dollar Index bouncing back near 106.65 after hitting a yearly low of 106.30 the previous day.
🔆However, the greenback's recovery appears to be temporary, as its risk premium eases while investors assess US President Donald Trump's tariff policies
🔆On monetary policy, Federal Reserve officials kept interest rates at current levels, citing uncertainty over Trump's trade and tax plans.
🔆Investors are now awaiting Canada's December Retail Sales data and a speech by BoC Governor Tiff Macklem at an event in Mississauga, Ontario.
Personal opinion:
🔆The dollar continues to decline, mainly due to President Trump's unclear tariff policies. Although traders still believe that the Bank of Canada (BoC) will further loosen monetary policy.
Technical analysis:
🔆Based on important support - resistance and Fibonacci levels combined with SMA indicator
Plan:
🔆Price Zone Setup:
👉Sell USD/CAD 1.4198 – 1.4215
❌SL: 1.4255 | ✅TP: 1.4160 – 1.4120 – 1.4080
FM wishes you a successful trading day 💰💰💰
🔆The USD/CAD pair rose to 1.4200 during the European session on Friday, after hitting a three-day low of 1.4166. The pair gained momentum as the US dollar recovered, with the US Dollar Index bouncing back near 106.65 after hitting a yearly low of 106.30 the previous day.
🔆However, the greenback's recovery appears to be temporary, as its risk premium eases while investors assess US President Donald Trump's tariff policies
🔆On monetary policy, Federal Reserve officials kept interest rates at current levels, citing uncertainty over Trump's trade and tax plans.
🔆Investors are now awaiting Canada's December Retail Sales data and a speech by BoC Governor Tiff Macklem at an event in Mississauga, Ontario.
Personal opinion:
🔆The dollar continues to decline, mainly due to President Trump's unclear tariff policies. Although traders still believe that the Bank of Canada (BoC) will further loosen monetary policy.
Technical analysis:
🔆Based on important support - resistance and Fibonacci levels combined with SMA indicator
Plan:
🔆Price Zone Setup:
👉Sell USD/CAD 1.4198 – 1.4215
❌SL: 1.4255 | ✅TP: 1.4160 – 1.4120 – 1.4080
FM wishes you a successful trading day 💰💰💰
Note
Hit + 25 pips from 1.4200💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.