Audio By Carbonatix
The bearish momentum on the USD/CAD Pair which became apparent in the month of June remains valid.
Last week, we saw a bearish fakery setup develop at key resistance level 1.32827 as the president of the United States, Donald Trump tweeted that the US Dollar is too strong and that a strong Dollar does not make US exports competitive in the international markets and so the Fed should take steps to weaken the US Dollar.
This presents no brainier selling opportunities for traders who aren’t already short on this pair.
Click this link to access the full document.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Tema native petitions EOCO over GH¢889,000 payment
16 minutes -
VIP Jeoun Service opens new terminal in Ho, expands transport network
20 minutes -
Tema Fire Commander calls for private-sector support
24 minutes -
Adaklu is not a safe haven for environmental degradation – DCE
28 minutes -
Judiciary urged to expedite corruption cases
32 minutes -
Adenta-Accra travel time improves significantly under contra-flow – GAPTE
36 minutes -
Government reviews diesel subsidy as transport fare increase takes effect
38 minutes -
SEND-Ghana, UCC students march for mandatory food warning labels
43 minutes -
Auditor-General vows tough surcharges, unveils tracker, AI audits
49 minutes -
Government vows no political protection for drug trafficking suspects
1 hour -
Government clarifies Interior Minister’s ‘involvement’ comment in drug probe
1 hour -
Mahama orders security agencies to make Ghana’s ports ‘ironclad’ against drug trafficking
2 hours -
Government admits turf war among security agencies is undermining port security
2 hours -
Government rejects ‘Cocaine Coast’ label, says drug busts show security agencies are working
2 hours -
Banks NPL ratio of 16.1% is still too high – S&P
2 hours