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FX.co ★ crystal66 | USD/CAD

USD/CAD

USD/CAD

Hello traders, USDCAD The Canadian dollar, as usual, executed the northern signal perfectly. However, the key point is that there was an unclosed zone that needed to be closed at the level of 1.3717. So, once it was closed along with the level, it confirms a southern signal. But isn't it strange, my friends, that when oil prices rise, the Canadian dollar loses value? This is very peculiar. It indicates that Canada lacks sovereignty and is completely under the influence of the United States. What they proclaim there is all for show; the real facts are more nuanced. Now, in order to push the price back down, we need to update the lower level at 1.3659. Today, this level is crucial for negating the northern trend. As for a southern movement, I am not rushing into it yet because the current level is still limiting the downward movement.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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