In today's trading session, our focus turns to USDCAD as we anticipate a buying opportunity around the 1.33700 zone. Having recently broken out of its downtrend, the pair is now navigating a correction phase, approaching the critical retrace area at the 1.33700 support and resistance zone.
Adding a fundamental perspective to the technical analysis, it's important to note the recent US December core CPI data, which revealed a 3.9% year-on-year increase, surpassing the expected 3.8%. This potential strength in the US dollar could contribute to a reversal scenario for USDCAD, and traders should closely monitor the unfolding dynamics in this session.
As always, trade safe.
Joe
Adding a fundamental perspective to the technical analysis, it's important to note the recent US December core CPI data, which revealed a 3.9% year-on-year increase, surpassing the expected 3.8%. This potential strength in the US dollar could contribute to a reversal scenario for USDCAD, and traders should closely monitor the unfolding dynamics in this session.
As always, 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
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。