USD/CAD Price Outlook:Has it bottomed?
After spiking to multi-year highs during March, USDCAD has given
up almost all it's gains. Price dropped below 1.30 a couple of weeks
ago.
Currently, USD/CAD is consolidating. Looking at the price action,
it looks like the next bullish impulse may happen very soon.
I am waiting for a pullback to happen before buying. I believe USDCAD
has a good potential to reach 1.38 or even 1.40 before the end of the year.
up almost all it's gains. Price dropped below 1.30 a couple of weeks
ago.
Currently, USD/CAD is consolidating. Looking at the price action,
it looks like the next bullish impulse may happen very soon.
I am waiting for a pullback to happen before buying. I believe USDCAD
has a good potential to reach 1.38 or even 1.40 before the end of the year.