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kidcuauh

USDCAD: ready to 27.50

Short
U.S. Dollar / Canadian Dollar (FX_IDC:USDCAD)  
kidcuauh  
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Fundamental Analysis USDCAD
3
0
supportandresistance fundamental usdcad
  • CAD fundamentals sound and firms are optimistic (even before USMCA deal) given the latest BoC survey.
  • Given Higher USOIL prices will push a solid ground to prevent downside risks.
  • USDCAD will remain sensible and volatility will work in our favor.
  • These factors will move CAD key rate higher.
  • Institutional consensus is USD flat since all rates are priced and no new inflation data surprise is expected.
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