With another crucial resistance broken at 1.37200, the Loonie seems to be on a gradual path to depreciation against the greenback. With FED aggressively raising rates to tame inflation, we can expect the DXY to get stronger and stronger near-term. No different analysis applies to USDCAD, as the Loonie is likely set to depreciate both technically and fundamentally against the USD.
Looking at the technical picture, the crucial resistance at 1.37200 was breached as the weekly candle closed above it convincingly. With this having taken place, the next resistance that is upcoming is present at 1.40500. For complete information on the levels, have a look at the main chart for in-depth observation.
Trade Safe & Cautiously. Cheers
Looking at the technical picture, the crucial resistance at 1.37200 was breached as the weekly candle closed above it convincingly. With this having taken place, the next resistance that is upcoming is present at 1.40500. For complete information on the levels, have a look at the main chart for in-depth observation.
Trade Safe & Cautiously. Cheers
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.