After spiking to multi-year highs during March, USDCAD has given
up almost all it's gains. Price dropped below 1.30 a couple of weeks
ago.
Currently, USD/CAD is consolidating. Looking at the price action,
it looks like the next bullish impulse may happen very soon.
I am waiting for a pullback to happen before buying. I believe USDCAD
has a good potential to reach 1.38 or even 1.40 before the end of the year.
up almost all it's gains. Price dropped below 1.30 a couple of weeks
ago.
Currently, USD/CAD is consolidating. Looking at the price action,
it looks like the next bullish impulse may happen very soon.
I am waiting for a pullback to happen before buying. I believe USDCAD
has a good potential to reach 1.38 or even 1.40 before the end of the year.
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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.
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.