Canadian Dollar Technical Forecast: USD/CAD Aims to Break 1.280
USD/CAD has climbed back towards January highs after positive NFP data pushed prices to key technical levels. Where will USD/CAD go from here?
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USD/CAD has climbed back towards January highs after positive NFP data pushed prices to key technical levels. Where will USD/CAD go from here?
USD/CAD will see considerable interest on Wednesday with rate decisions from both the Fed and the BoC. But traders may find cleaner technical potential in CAD/JPY.
AUD/USD has recovered a portion of its recent losses but bulls have some difficult hurdles to conquer before the trend reverses.
USD/CAD has retreated to a key area of longer-term support, but CAD bulls may find more potential on the CAD/JPY chart as looked at in this week's Canadian Dollar technical forecast.
The Fed could bolster the USD/CAD bullish outlook next week if it decides to reduce asset purchases more quickly than its current pace and signals that it will raise rates earlier than planned