BOC yesterdays paused rate hikes, but sounded hawkish.
BOC and Australia both Central Bankers have been trend setters in terms of sentiment towards inflation and rate path.
1. We had long move down then hit high around 1.40, Within this we had Flag pattern. clear move towards the 1.4000
Mark how repeatedly USD fell after hitting the 1.4000 area.
2. One More attempt by the bulls towards this area, while they will most likely hit this, will they hold and go further up. If that happens, 1.38000 is the new base.
Negates below 1.3650. #USDCAD #DXY
BOC and Australia both Central Bankers have been trend setters in terms of sentiment towards inflation and rate path.
1. We had long move down then hit high around 1.40, Within this we had Flag pattern. clear move towards the 1.4000
Mark how repeatedly USD fell after hitting the 1.4000 area.
2. One More attempt by the bulls towards this area, while they will most likely hit this, will they hold and go further up. If that happens, 1.38000 is the new base.
Negates below 1.3650. #USDCAD #DXY
TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.