Currently, Canadian dollar is supported by the climbing oil price. However, we must pay attention to the scandal of Trudeau's cabinet. Whether Trudeau really accepted the bribery of LAVALIN will affect the Canadian election coming few months. If the Liberal Party fails, the Canadian dollar will be greatly affected.
The target is 1.3330.
Turning point: 1.3265.
Above 1.3265, bullish , target price is 1.3300,then 1.3330.
Under 1.3265, bearish , target price is set at 1.3200.
RSI technical indicators are bullish and have a further upward trend.
Prior Strategy:
The target is 1.3330.
Turning point: 1.3265.
Above 1.3265, bullish , target price is 1.3300,then 1.3330.
Under 1.3265, bearish , target price is set at 1.3200.
RSI technical indicators are bullish and have a further upward trend.
Prior Strategy:
Comment:
USDCAD is hard to touch 1.33, the trend is reverse now.
Comment:
TP1 reached.
Comment:
TP2 reached.