The CPI news earlier today caused bullishness on USD, and now, USDXXX pairs might see more upside moves especially if they are in uptrends.
USDCAD is one of them. The sides have changed. It is no longer a head and shoulder but an uptrend that might be here to stay.
We would be locking longs in favor of USD, taking buys with long-term targets at 1.26000.
USDCAD is one of them. The sides have changed. It is no longer a head and shoulder but an uptrend that might be here to stay.
We would be locking longs in favor of USD, taking buys with long-term targets at 1.26000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.