🚀 **USD/CAD: Key Levels You Must Know Now!** 🚀
Hello Traders! Welcome to Markets4you, where we’re committed to “Making the markets work for you.” In today’s video, we’ll dive into the latest movements and key factors influencing the USD/CAD trading pair and gold.
🔍 **What’s Inside:**
– Canadian dollar is under pressure ahead of the employment report.
– Anticipated Bank of Canada rate cuts and their implications.
– US dollar’s momentum backed by strong economic data.
– Gold prices surge as investors seek safe-haven assets.
📊 **Technical Analysis:**
– USD/CAD is trading below the 20-period moving average. Key support at 1.3703 and 1.3661, resistance at 1.3765 and 1.3806.
– Gold (XAU/USD) is above the 20-period moving average. Support at $2,486 and $2,378, resistance at $2,445 and $2,474.
💡 **Key Phrases:**
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🎓 **Your Next Steps:**
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CHAPTERS:
00:00 – Intro
00:16 – CAD/USD Exchange Rate
00:49 – USD Trends and Analysis
01:17 – Gold Market Insights
01:49 – Technical Analysis Strategies
03:44 – Outro
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