USDCAD is trading to the upside currently prior to the CAD Consumer Price Index data, which tracks the change in prices across a range of goods and services and is used to measure inflation. Technically the pair is holding above the moving average ribbon, and has bounced from a key support zone. We are capitalising on the strong USD bull market with this trade, targeting upside into 1.26500.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.