#USDCAD
USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is moving UP.
USDCAD MARKET is currently DOWN due to US DATA and UPDATES being NEGATIVE and MARKET SENTIMENT being RISK ON. We think it will go up to the 1.3810 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.2800 LEVEL in the future.
In any case, there will be an opportunity to SELL USDCAD up to 1.3000 LEVEL. We wait until the DOWN TREND CONTINUES. MONDAY may be RISK ON again according to MARKET UPDATES. So follow the given STRUCTURE. It is seen that the OVERALL MARKET SENTIMENT has become POSITIVE.
USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is moving UP.
USDCAD MARKET is currently DOWN due to US DATA and UPDATES being NEGATIVE and MARKET SENTIMENT being RISK ON. We think it will go up to the 1.3810 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.2800 LEVEL in the future.
In any case, there will be an opportunity to SELL USDCAD up to 1.3000 LEVEL. We wait until the DOWN TREND CONTINUES. MONDAY may be RISK ON again according to MARKET UPDATES. So follow the given STRUCTURE. It is seen that the OVERALL MARKET SENTIMENT has become POSITIVE.