Hey Traders,
In tomorrow’s trading session, we are closely monitoring USDCAD for a potential selling opportunity around the 1.37800 zone. USDCAD remains in a clear downtrend and is currently in a corrective pullback, approaching a key trendline confluence and the 1.37800 support-turned-resistance area, which could act as a strong rejection zone.
From a fundamental perspective, growing expectations of a potential interest rate cut at the January FOMC meeting could weaken the US Dollar, adding further downside pressure on USD-based pairs, including USDCAD, and reinforcing the bearish bias.
As always, wait for confirmation and manage risk accordingly.
Trade safe,
Joe.
In tomorrow’s trading session, we are closely monitoring USDCAD for a potential selling opportunity around the 1.37800 zone. USDCAD remains in a clear downtrend and is currently in a corrective pullback, approaching a key trendline confluence and the 1.37800 support-turned-resistance area, which could act as a strong rejection zone.
From a fundamental perspective, growing expectations of a potential interest rate cut at the January FOMC meeting could weaken the US Dollar, adding further downside pressure on USD-based pairs, including USDCAD, and reinforcing the bearish bias.
As always, wait for confirmation and manage risk accordingly.
Trade safe,
Joe.
交易進行
Decent trigger from the trend!
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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
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。