Long opportunity on USDCAD
Hello friend
As you know, the USD currency bias is Bullish as the United States monetary policy is hawkish
US hike the rate 0.75bp and is most hawkish bank right now.
In other hand, The Canadian dollar, despite good economic data, has not performed well in Forex
Also the possibility of lower oil prices puts pressure on CAD
So we forecast bullish movement for USDCAD and 1.2938 area is a good level to place your Buy limit
As you know, the USD currency bias is Bullish as the United States monetary policy is hawkish
US hike the rate 0.75bp and is most hawkish bank right now.
In other hand, The Canadian dollar, despite good economic data, has not performed well in Forex
Also the possibility of lower oil prices puts pressure on CAD
So we forecast bullish movement for USDCAD and 1.2938 area is a good level to place your Buy limit
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