A critical support zone for USDCAD
After "shifting" the green upward channel higher in the late January (acceleration), we are now arriving at a critical support zone for USDCAD at around 1.3550 US Dollars (the blue channel).
From a fundamental perspective, Canadian dollar is an oil-dependent currency. And since oil price is still going down and US numbers are "not so bad", we might see a significant recovery in the USDCAD in the near term, if 1.3550 support area holds.
From a fundamental perspective, Canadian dollar is an oil-dependent currency. And since oil price is still going down and US numbers are "not so bad", we might see a significant recovery in the USDCAD in the near term, if 1.3550 support area holds.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.