USDCAD will break the 1.3000 target by extension for bearish

Short

U.S. Dollar / Canadian Dollar (FX_IDC:USDCAD)

Updated

FX_IDC:USDCAD U.S. Dollar / Canadian Dollar

beyondta

The USDCAD was projected to target 1.3000 as attached previous analysis. However, the bearish on EURUSD and the bullish on USDCHF will extend the USDCAD to bearish by strongly to break the 1.3000. Slower bearish will be seen by the bearish on USDJPY to 102.00 but likely not to have large impact due to large capital inflow into Canadian economy.

Attached also the EURUSD latest analysis.

Comment:

Comment:

EURUSD Rejected at 1.1950 (Failed to Reach 1.2000) and Bearish

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