USDCAD Outlook
Technical :
Well, as you can see, the price has formed a big triangle (trading range mode) and it is expected to continue moving behind it!
It means more climbing!
Fundamental:
This will not be due to the strength of the dollar, it will be due to the sharp drop of the Canadian dollar! So it seems that the overnight interest rate of the Canadian dollar will remain constant and will not change!
Good luck ! ;)
Well, as you can see, the price has formed a big triangle (trading range mode) and it is expected to continue moving behind it!
It means more climbing!
Fundamental:
This will not be due to the strength of the dollar, it will be due to the sharp drop of the Canadian dollar! So it seems that the overnight interest rate of the Canadian dollar will remain constant and will not change!
Good luck ! ;)
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