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USDCAD Analysis and Market Update

Published: 05.01.2023
by Joseph Jeffriess

Welcome to Thursday’s update. Has the USDCAD started a new move lower? Today’s video mainly focuses on the USDCAD and its current price action. After sellers held resistance and formed a new move lower, could this be the start of a deeper move lower?

A lot could come down to night’s session and tomorrow after the US employment figures. Primarily we want to see today’s rally fail and set a new weekly low, and this could confirm the trend and support break we saw in the last session.

Apart from the USDCAD, we have also looked at oil and some stock indices after recent rallies and touched on crypto as coins continue to push higher early in 2023.

USDCAD and Market Update Video

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