Hey Traders, USDCAD was trading in a downtrend and successfully managed to break it out after a bunch of fed hawkish comments about the monetary policy, Fed Waller the last week mentioned that inflation is still a concern and fed still has to act, and this week we had another intervention from fed Williams confirming and pointing on the same thing mentioning inflation is still way too high so that make us expect another rate hike on early May that should trigger USD strength in the medium term. Technically we will be watching a potential retrace of the trend from 1.33 area.
Trade safe, Joe.
Trade safe, Joe.
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Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.