USD/CAD YEARLY PERSPECTIVE "Bigger Picture".

8 באפר׳ 2020

So in terms of a short term 4h perspective, we should expect to see some buyers come into the market sometime this week, which would make sense because that would take it to the proper levels of liquidity if we are expecting to see and overall bullish trend this Year. Whatever news might affect this currency, in all or most regards the price of oil is still relatively cheap. In terms of the United states federal reserve we should also expect the fed to keep and want a strong DOLLAR, at least from an Economical standpoint. Other currencies most find a Resolve too! which is why i see the USD/CAD pushing up to the levels i have mapped on chart "blue lines". So here we go other countries must find a resolve to have and overall Stabilization of most or lets say overall economies the DOLLLAR can not continue to push up forever which is in the coming future whether it's news or the President of a number of different countries we could see the USD/CAD push back down to the respected levels again mapped out on chart.
From there we will most likely see some buyers HEAVILY come IN (GREEN ARROWS) to put pressure and continue the overall bullish yearly trend we are in on this currency pair.