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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.