USD/CAD Trend During US Trading Session

أول أمس

USD/CAD news:

🔆The USD/CAD pair rose to 1.4200 during the European session on Friday, after hitting a three-day low of 1.4166. The pair gained momentum as the US dollar recovered, with the US Dollar Index bouncing back near 106.65 after hitting a yearly low of 106.30 the previous day.

🔆However, the greenback's recovery appears to be temporary, as its risk premium eases while investors assess US President Donald Trump's tariff policies

🔆On monetary policy, Federal Reserve officials kept interest rates at current levels, citing uncertainty over Trump's trade and tax plans.

🔆Investors are now awaiting Canada's December Retail Sales data and a speech by BoC Governor Tiff Macklem at an event in Mississauga, Ontario.

Personal opinion:

🔆The dollar continues to decline, mainly due to President Trump's unclear tariff policies. Although traders still believe that the Bank of Canada (BoC) will further loosen monetary policy.

Technical analysis:

🔆Based on important support - resistance and Fibonacci levels combined with SMA indicator

Plan:

🔆Price Zone Setup:

👉Sell USD/CAD 1.4198 – 1.4215
❌SL: 1.4255 | ✅TP: 1.4160 – 1.4120 – 1.4080

FM wishes you a successful trading day 💰💰💰

أول أمس

ملاحظة

Hit + 25 pips from 1.4200💰💰💰