USDCAD trend forecast January 22, 2025
The USD/CAD pair shows modest gains near 1.4340 during the early Asian session on Wednesday, as the Canadian Dollar (CAD) faces pressure from weaker-than-expected December Consumer Price Index (CPI) inflation data and growing trade tensions between the United States and Canada.
US President Donald Trump announced on Monday that he is considering imposing 25% tariffs on imports from Canada and Mexico starting February 1, citing concerns over border crossings and fentanyl. These remarks have weighed on the Loonie, as Canada heavily relies on trade with the US, with approximately 75% of its exports destined for its southern neighbor.
USDCAD price sideways, around 2 resistance and support price zones H2 frame
/// BUY USDCAD : zone 1.43000 - 1.42850
SL: 1.43500
TP: 40 - 70 - 150pips ( 1.44350 )
Safe and profitable trading
The USD/CAD pair shows modest gains near 1.4340 during the early Asian session on Wednesday, as the Canadian Dollar (CAD) faces pressure from weaker-than-expected December Consumer Price Index (CPI) inflation data and growing trade tensions between the United States and Canada.
US President Donald Trump announced on Monday that he is considering imposing 25% tariffs on imports from Canada and Mexico starting February 1, citing concerns over border crossings and fentanyl. These remarks have weighed on the Loonie, as Canada heavily relies on trade with the US, with approximately 75% of its exports destined for its southern neighbor.
USDCAD price sideways, around 2 resistance and support price zones H2 frame
/// BUY USDCAD : zone 1.43000 - 1.42850
SL: 1.43500
TP: 40 - 70 - 150pips ( 1.44350 )
Safe and profitable trading
Trade active
+ 60 pips , signal BUY USDCAD ( 1.43000-1.42850 ) , amazing Trade closed: target reached
+ 100 pips , signal BUY USDCAD ( 1.43000-1.42850 ) , amazing
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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.