CAD
USD | CAD fell sharply in the beginning of European session. If the decline continues, the price will be on very attractive levels, making use of which is recommended after the completion of USD decline impulse, which is expected to lower in the nearest 2 days.
Turnout of the pair can happen in the area of 1.0015 (closing January and the level of 50% of the growth impulse), or in an area of 0.9925 (closure of a three-year cycle), but, in any case, the couple is directed towards the growth and each time of correction opening of long positions is recommended.
Monetary authorities of Canada started lowering the interest rate, following the United States, but unlike America in Canada inflation is at an acceptable level, which will let resumption of lowering rates for several years.
Before the opening positions to buy the pair, it is recommended to wait until EUR | USD stabilizes in the region of 1.62 as the lowering of the dollar could lead to a decline in USD | CAD to even more attractive levels.
USD/CAD Analytics
Linear Mode
