U.S. Dollar / Canadian Dollar
Short
Updated

USDCAD - 23 May, Good news for CAD

107
USDCAD trend forecast MAY 23 , 2025

💬The USD/CAD pair slipped toward 1.3825 in Friday’s Asian session, weighed down by renewed selling and a softening US Dollar. Hovering near its two-week low, the pair remains under pressure as markets price in deeper Fed rate cuts after last week’s tame CPI and PPI data.

Adding to the bearish tone, Trump’s massive “Big, Beautiful Bill” is fueling deficit fears, overshadowing any optimism from recent upbeat US economic numbers. As sentiment sours on the Greenback, USD/CAD looks increasingly vulnerable to further downside.

💬 Short-term H1 frame, shows USDCAD price breaks support, continues to decline. Along with experts' predictions, good news of CAD, creates selling pressure on USDCAD

🥇/// SELL USDCAD : zone 1.38150 - 1.38300

SL: 1.38550

TP: 40 - 60 - 100pips ( 1.37300 )



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+ 60 pips , amazing signal SELL USDCAD ( 1.38150 - 1.38300 )

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