USDCAD - 20 Jan - trendline : Bull liquidity combination
Updated
USDCAD trend forecast January 20, 2025
The Canadian Dollar (CAD) fell to multi-year lows on Friday, pushing USD/CAD back above the 1.4400 level and keeping the Loonie near its weakest levels since the pandemic era. With a relatively quiet economic calendar to close out the trading week, anticipation of future Federal Reserve (Fed) rate cuts underscores the widening interest rate gap between the US and Canada.
Canada is set to release its latest Consumer Price Index (CPI) data next Tuesday, with expectations that headline inflation will decline further below the Bank of Canada's (BoC) target. This is likely to strengthen the outlook for additional BoC rate cuts.
At the beginning of the week, there is not much economic news affecting the price of USDCAD. The price depends on the chart. The trend is up: trendline + liquidity zone. Waiting for BUY entry.
/// BUY USDCAD: zone 1.44350 - 1.44450
SL: 1.44050
TP: 40 - 70 - 100pips ( 1.45350 )
Safe and profitable trading
The Canadian Dollar (CAD) fell to multi-year lows on Friday, pushing USD/CAD back above the 1.4400 level and keeping the Loonie near its weakest levels since the pandemic era. With a relatively quiet economic calendar to close out the trading week, anticipation of future Federal Reserve (Fed) rate cuts underscores the widening interest rate gap between the US and Canada.
Canada is set to release its latest Consumer Price Index (CPI) data next Tuesday, with expectations that headline inflation will decline further below the Bank of Canada's (BoC) target. This is likely to strengthen the outlook for additional BoC rate cuts.
At the beginning of the week, there is not much economic news affecting the price of USDCAD. The price depends on the chart. The trend is up: trendline + liquidity zone. Waiting for BUY entry.
/// BUY USDCAD: zone 1.44350 - 1.44450
SL: 1.44050
TP: 40 - 70 - 100pips ( 1.45350 )
Safe and profitable trading
Trade active
+ 20 pips, great signal BUY USDCAD( 1.44350 - 1.44450 ) Note
+ 30 pips , BUY USDCAD( 1.44350-1.44450 )
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