TradingView
AndyM
Oct 23, 2022 12:35 PM

Uptrend in USDCAD to continue next week Long

U.S. Dollar/Canadian DollarFXCM

Description

Full retracement of the correction and eventually reaching above 1.55 (1.60 looks very realistic).
Comments
Invisibie
Thank you. Curious, do you see dollar moving to ATH at some point? Also, can I follow you somewhere else?
AndyM
@Invisibie, The modern-time ATH for the dollar was in 1971, when the golden standard was abolished. EURUSD in 1971 was at 0.53 (No Euro at the time, but taking the equivalent basket of currencies). We will eventually come back to this level, but it will happen 15-20 years from now, and there will be huge swings back and forth during this period.
Invisibie
@AndyM, Thank you. Have a nice day. (I withdraw my last question, now I understand your thesis)
adoringDog5055
awaited new chat finnally arrived. exciting. Thank you. ❤👍👍
More