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USD/CAD Signal - USD 5 Year Note Auction - 25 Aug 2021

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ToniSignals  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Pivot Points Technical Indicators USDCAD loonie CAD loonielong Forex forexsignal forexsignalservice
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trendanalysis pivotpoints indicator usdcad loonie cad loonielong forex forexsignal forexsignalservice
USDCAD has made a pullback from recent highs prior to the USD 5 Year Note Auction, which reveals the yields on the government backed security. Technically the pair has pulled back into the trendline and the moving averages, which are currently in a bullish cross, and the key pivot level. We anticipate a rebound back up into the 1.2770 level.

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