USDCAD trend forecast March 11, 2025
💬USD/CAD retreats after a two-day winning streak, hovering near 1.4440 during the Asian session on Tuesday. The pair weakens as the US Dollar (USD) faces pressure amid concerns that uncertainty surrounding tariff policies could lead to a US economic downturn. Market participants now turn their focus to Wednesday’s release of the February Consumer Price Index (CPI) for further clarity on inflation trends.
US President Donald Trump described the economy as being in a "transition period," suggesting the possibility of a slowdown. Investors interpreted his comments as an early indication of potential economic challenges ahead.
💬 good growth according to trendline, USD continues to be expected well, today's news
🥇/// BUY USDCAD: zone 1.44000 - 1.43850
SL: 1.43500
TP: 40 - 60 - 100pips ( 1.44850)
Safe and profitable trading