USD/CAD Outlook (5 April 2022)
Overall, USD/CAD have been trending down, but consolidating at the support zone and key level of 1.2500.
As USD/CAD consolidates at this 1.2500 zone, expect significant volatility.
There has been news that "All six of Canada’s major commercial lenders now expect the Bank of Canada to move ahead with a jumbo rate hike next week."
This could lead to the USDCAD breaking lower from 1.25000
As USD/CAD consolidates at this 1.2500 zone, expect significant volatility.
There has been news that "All six of Canada’s major commercial lenders now expect the Bank of Canada to move ahead with a jumbo rate hike next week."
This could lead to the USDCAD breaking lower from 1.25000
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