Price has reached to critical zone, highest level since 2018
As oil and gasoline prices spike in the world, Canadian dollar is getting stronger again. Right now, as you can see on CAD/JPY chart , price has entered the critical zone again. This is the forth time since 2017 that price reaches to this zone. Price behavior is very important here. Will gas, oil and commodities help Canadian Dollar to get stronger , break the zone and goes back to its wonderful days on 2014-2016 ? On the other side, Justin Trudeaus government is facing with a massive deficit, highest inflation rate since 2003 and vast volume of money printing which have made Canadian Dollar weaker than ever. Will positive factor overcome negative factors?
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