Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
USD/CAD Outlook (11 April 2022)
U.S. Dollar / Canadian Dollar
Short
USD/CAD Outlook (11 April 2022)
By JinDao_Tai
Follow
Follow
Apr 11, 2022
2
Cheer
Cheer
Apr 11, 2022
Overall, USD/CAD have been trending down, have tested and rebounded strongly off key level 1.2450.
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."
If the BoC increases rates by 50 basis points, from 0.5% to 1%, look for selling opportunities below 1.2610 towards support zone of 1.2450
Forex
Trend Analysis
USDCAD
JinDao_Tai
Follow
Join my mailing list
jindaotai.com/joinme
Also on:
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
.