#USDCAD
USDCAD is going up quite a bit right now. That's because OIL is down quite a bit and POWELL'S HAWKISH COMMENTS UPDATES came. They have been working to make USD STRONG in recent days. Due to this reason, STOCKS can move DOWN SIDE if the USD becomes STRONG like this.
Right now, there is a very good BUY towards the UPSIDE because US DATA and UPDATES...
USD/CAD stays above 1.4000 and the key question is whether it will continue the recent upside move. At this point, the nearest major resistance level is located at 1.4575 and 1.42300. This level has already been tested many times and has proved its strength.
We also note USD/CAD is struggling to continue above the recent highs formed towards the end of last week...
