0
0
Read Time:31 Second
USDCAD
When I look at the upcoming US macroeconomic data readings, it is clear that the forecasts are not hawkish. Each forecast shows a slight deterioration in the US situation, which could reverse trends in many currency pairs. In the case of the “Canadian”, an optimistic point for us indicating a possible further increase will be the breakout of the resistance which I have marked in the picture. Then, waiting for the correction will be an opportunity to enter into a long position. The US seems to be recovering from the dollar’s strong depreciation so I am optimistic in the long term.
