USDCAD - 27 Jan - sideway resistance zone reaction
USDCAD trend forecast January 27, 2025
The USD/CAD pair rebounds from the losses of the previous two sessions and trades near 1.4390 during early Monday's Asian session. The pair's upward movement is driven by increased discussions among US President Donald Trump’s advisors about implementing 25% tariffs on Mexico and Canada as early as February 1.
According to a report from the Wall Street Journal (WSJ) on Monday, Trump’s advisors are pushing to proceed without waiting for negotiations or discussions. A senior administration official mentioned in the report highlighted the President's readiness to act swiftly, referencing his recent decision to impose tariffs on Colombia as an example.
SIDEWAY and strong accumulation, moving in the 2 nearest resistance and support zones
/// SELL USDCAD : zone 1.44100 - 1.44250
SL: 1.44550
TP: 40 - 70 - 150pips ( 1.42750 )
Safe and profitable trading
The USD/CAD pair rebounds from the losses of the previous two sessions and trades near 1.4390 during early Monday's Asian session. The pair's upward movement is driven by increased discussions among US President Donald Trump’s advisors about implementing 25% tariffs on Mexico and Canada as early as February 1.
According to a report from the Wall Street Journal (WSJ) on Monday, Trump’s advisors are pushing to proceed without waiting for negotiations or discussions. A senior administration official mentioned in the report highlighted the President's readiness to act swiftly, referencing his recent decision to impose tariffs on Colombia as an example.
SIDEWAY and strong accumulation, moving in the 2 nearest resistance and support zones
/// SELL USDCAD : zone 1.44100 - 1.44250
SL: 1.44550
TP: 40 - 70 - 150pips ( 1.42750 )
Safe and profitable trading
Trade active
Unfortunately - USDCAD only reached the price of 1.44000 then dropped sharply
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
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.