RSI channel clearly shows that CAD buyers come in to market every time CXY could not hold its value
Also it shows that CAD has bullish market
Finding currency which is bearish, is great chance to have trade agains CXY
CAD
FUNDAMENTAL BIAS: BULLISH
1. The Monetary Policy outlook for the BoC
At their Oct meeting the BoC surprised to put an early end to QE purchases and updated forward guidance to suggest an earlier lift off in rates by explaining that project economic slack to be absorbed by the middle quarters of 2022. The initial reaction was bullish as one would expect but...
USD
FUNDAMENTAL BIAS: WEAK BULLISH
1. The Monetary Policy outlook for the FED
Another bank that was hawkish in deed by dovish in word in their Nov policy decision. The Fed official announced tapering as expected, with purchases said to be reduced this month at a pace of $10bln in Treasuries and $5bln in MBS per month and explained that a mid-2022 conclusion is...
