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KaltoireCapital

USD/CAD Price Outlook:Has it bottomed?

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
KaltoireCapital  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis USDCAD usdcadlong usdcadforecast usdcadanalysis
71
15
trendanalysis chartpattern beyondta usdcad usdcadlong usdcadforecast usdcadanalysis
After spiking to multi-year highs during March, USDCAD has given
up almost all it's gains. Price dropped below 1.30 a couple of weeks
ago.
Currently, USD/CAD is consolidating. Looking at the price action,
it looks like the next bullish impulse may happen very soon.

I am waiting for a pullback to happen before buying. I believe USDCAD
has a good potential to reach 1.38 or even 1.40 before the end of the year.
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