Hi Traders,
The commodity dollar CAD has consolidated in ~ 1.3~1.36 area in several months, price is testing major resistance level around 1.36. We have some major fundamental event ahead (FED meeting on 3/5; non-farm on the next friday and 2nd round of French presidential election on 7/5), these events may push US dollar vs commodity dollar (AUD, NZD, CAD). Let's see weekly chart for detail:
Thanks,
Haynes6EU
The commodity dollar CAD has consolidated in ~ 1.3~1.36 area in several months, price is testing major resistance level around 1.36. We have some major fundamental event ahead (FED meeting on 3/5; non-farm on the next friday and 2nd round of French presidential election on 7/5), these events may push US dollar vs commodity dollar (AUD, NZD, CAD). Let's see weekly chart for detail:
Thanks,
Haynes6EU