Quarterly USDCAD Outlook
Updated
USDCAD has also had a large sell off in the previous months. I expect price to retrace up into the range. Do we go lower from there? Maybe. On the medium term I'm bullish until something big changes my mind.
Note: All ideas shared here are for learning and educational purposes only. Any trade taken on this projection is done so under your own risk.
Note: All ideas shared here are for learning and educational purposes only. Any trade taken on this projection is done so under your own risk.
Note
USDCAD so far showing strength at the levels anticipated. Next key upside is 1.2600.Note
Price broke through the 1.2600 level as indicated. This supports the move higher.Note
USDCAD has moved steadily higher. Would not be surprised to see a retracement back to 1.2580 on the back of BOC Rate release. Otherwise, next upside is 1.2780.Trade closed: target reached
Nice big move on USDCAD and our target is hit.
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