USDCAD trend forecast March 27, 2025
💬The USD/CAD pair bounces back to approximately 1.4305 in the late American session on Wednesday. Renewed concerns over potential US auto tariffs and easing geopolitical tensions support the Greenback against the Canadian Dollar (CAD). Market participants will focus on the upcoming US weekly Initial Jobless Claims data and the final Q4 Gross Domestic Product (GDP) report, both set for release on Thursday.
💬 USDCAD price is moving in a short term H1 downtrend, sideways waiting for early April to bounce strongly due to Trump administration's tariff factors. strengthening the dollar
🥇/// SELL USDCAD : zone 1.42850 - 1.42950
SL: 1.43250
TP: 40 - 60 - 100pips ( 1.41950 )
Safe and profitable trading