Skip to content 
Instrument: USDCAD
Bullish Preference:
Buy position is envisaged if price trades above 1.34508 with take profit at 1.34628.
Bearish Preference:
Sell position is envisaged if price trades below 1.34420 with take profit at 1.34322.
Fundamentals:
1:30pm
CAD GDP m/m
USD Core PCE Price Index m/m
3:00pm
USD Revised UoM Consumer Sentiment
Comment:
HSBC has projected an upward trend for the US dollar (USD) other pairs, as reported on Thursday. This forecast is driven by factors such as “US exceptionalism”, potential government shutdown, autoworker strikes, a temporary dip in USD strength, and high yields. The unique balance of growth and inflation in the US bolsters this trend.
Analysis: SCRUM Team
