Dollar Strength
Fundamentals:
Technically, both USD and CAD are strong economies; however, this is a short-term trade, not a medium-term one.
I am not sure if overall strength in the USD will come in a form stronger than CAD or CHF, but the retracement of this chart of USDCAD seems to paint a rosy picture.
Technicals:
Pullback
MACD positive
ADX is gliding above 21, sporting strong bullish pressure signals by a Di+.
Technically, both USD and CAD are strong economies; however, this is a short-term trade, not a medium-term one.
I am not sure if overall strength in the USD will come in a form stronger than CAD or CHF, but the retracement of this chart of USDCAD seems to paint a rosy picture.
Technicals:
Pullback
MACD positive
ADX is gliding above 21, sporting strong bullish pressure signals by a Di+.
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