USDCAD ready for lift off
Updated
Canada employment is growing but at a gradual pace compared to labour force and job vacancies. Growth has been revised down by BOC.
On the other side, US economy remains strong compared to the rest of the world.
First target at around 1.435 and there is a double top at 1.47. Ultimately, it can be triple top on the upside.
On the other side, US economy remains strong compared to the rest of the world.
First target at around 1.435 and there is a double top at 1.47. Ultimately, it can be triple top on the upside.
Note
Still hope for USDCAD upside, we are back to breakeven now. This is a long term trade, fundamentals or price needs to break violently before closing. If we have daily/weekly close below 1.36, might be time to have a think.
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