USDCAD is showing a reduced correlation with oil, as broader market sentiment takes the lead. With equities strengthening and risk appetite improving, commodity currencies are gaining support, putting pressure on the U.S. dollar.
Price is now attempting to move back into the 1.324–1.383 range, shifting the structure from directional movement to a more balanced, range-bound environment.
Support is forming around 1.34–1.35, while resistance remains near 1.37–1.38. As long as price holds within this range, the market is likely to trade between these levels rather than trend strongly in one direction.
Price is now attempting to move back into the 1.324–1.383 range, shifting the structure from directional movement to a more balanced, range-bound environment.
Support is forming around 1.34–1.35, while resistance remains near 1.37–1.38. As long as price holds within this range, the market is likely to trade between these levels rather than trend strongly in one direction.
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.