USDCAD is breaking out of a descending channel and reclaiming a key supply zone around 1.3800, showing strong bullish momentum with structure shift indicating continuation toward 1.4100+.
Fundamentally, USD remains supported by the Fed’s higher-for-longer stance due to persistent inflation, while CAD is weakening as oil prices face volatility and softer economic expectations reduce demand for the commodity currency.
At the same time, improving risk sentiment is not strong enough to support CAD, allowing USD strength to dominate as liquidity is cleared above resistance.
Overall, I am watching for sustained acceptance above this zone as breakout confirmation, with smart money momentum suggesting a strong upside expansion is in play.
Fundamentally, USD remains supported by the Fed’s higher-for-longer stance due to persistent inflation, while CAD is weakening as oil prices face volatility and softer economic expectations reduce demand for the commodity currency.
At the same time, improving risk sentiment is not strong enough to support CAD, allowing USD strength to dominate as liquidity is cleared above resistance.
Overall, I am watching for sustained acceptance above this zone as breakout confirmation, with smart money momentum suggesting a strong upside expansion is in play.
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המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.