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DNP-FX

USDCAD 16th MAY 2022

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
DNP-FX  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Trend Lines USDCAD loonie Contains image
4
0
trendanalysis chartpattern trendline usdcad loonie containsimage
Breakout and false breakout can happen due to fundamental factors that change every day, the main focus at this time for the USDCAD pair are the fed interest rate, oil prices, inflation , monetary and fiscal policies. Oil price rally makes correlation for Canadian Dollar.

This is USDCAD analysis on higher timeframe :

USDCAD D1 - 4th MAY 2022
USDCAD 4th MAY 2022

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