USD/CAD 4H Potential Buy
Hello Traders,
We can see that USD/CAD has been on a downtrend and tested a minor support at 1.3400. This can be a sign of possible reversal. Look for confirmation for the reversal trending past resistance at about 1.3460 and downward trend continuation pass 1.3400 signaling a minor pullback. However there are major catalyst this week with CAD as the BOC will announce an interest rate decision. Risk sentiment analysis is a big factor as well. If market is risk adverse then the USD will have bullish momentum and vice versa.
We can see that USD/CAD has been on a downtrend and tested a minor support at 1.3400. This can be a sign of possible reversal. Look for confirmation for the reversal trending past resistance at about 1.3460 and downward trend continuation pass 1.3400 signaling a minor pullback. However there are major catalyst this week with CAD as the BOC will announce an interest rate decision. Risk sentiment analysis is a big factor as well. If market is risk adverse then the USD will have bullish momentum and vice versa.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.