Hello Traders, let's take a look at the USD/CAD and take a look at our plan for the week ahead.
This is interesting because we've seen the dollar strengthening against most pairs this week except the Canadian dollar which has been stronger than the US dollar.
USD/CAD is breaking down into this downtrend and is closing near the lows. That's interesting. I really don't know what to make of it. You know, it's it's such a wild card, the Bank of Canada is not expected to make any type of rate change next week, but it is more about what they're going to signal, as far as their upcoming policy.
So, this is definitely a currency pair that is in play. There is currently trading with strong momentum in this downtrend.