USDCAD trend forecast January 21, 2025
The USD/CAD pair surged to 1.4518 before retreating sharply to 1.4445 during Tuesday's Asian session. The Canadian Dollar (CAD) faced pressure following US President Donald Trump's comments about potentially imposing tariffs on Canadian imports. Later in the day, attention will turn to Canada’s December Consumer Price Index (CPI) inflation report.
On Monday, Trump mentioned the possibility of implementing 25% tariffs on imports from Canada and Mexico, citing concerns over border crossings and fentanyl. He suggested the measures could take effect as early as February, stating, "We’re considering 25% tariffs on Mexico and Canada because they’re allowing large numbers of people to cross the border."
Yesterday's big USD fluctuation caused the USDCAD exchange pair to fluctuate strongly - breaking the uptrend, waiting for BUY entry according to today's CPI CAD news
/// BUY USDCAD : zone 1.43900 - 1.43700
SL: 1.43400
TP: 40 - 70 - 150pips ( 1.45200 )
Safe and profitable trading
The USD/CAD pair surged to 1.4518 before retreating sharply to 1.4445 during Tuesday's Asian session. The Canadian Dollar (CAD) faced pressure following US President Donald Trump's comments about potentially imposing tariffs on Canadian imports. Later in the day, attention will turn to Canada’s December Consumer Price Index (CPI) inflation report.
On Monday, Trump mentioned the possibility of implementing 25% tariffs on imports from Canada and Mexico, citing concerns over border crossings and fentanyl. He suggested the measures could take effect as early as February, stating, "We’re considering 25% tariffs on Mexico and Canada because they’re allowing large numbers of people to cross the border."
Yesterday's big USD fluctuation caused the USDCAD exchange pair to fluctuate strongly - breaking the uptrend, waiting for BUY entry according to today's CPI CAD news
/// BUY USDCAD : zone 1.43900 - 1.43700
SL: 1.43400
TP: 40 - 70 - 150pips ( 1.45200 )
Safe and profitable trading
Trade active
+ 60 pips , great signal BUY USDCAD( 1.43900 - 1.43700 ) 
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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.