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.
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.