USDCAD
Technical Analysis
USDCAD have big potential to buy around 1.32114. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for seller is weakening. Target price at 1.32270 and stop loss area 1.32037.
Fundamental Analysis
The Canadian economy is well-positioned to maintain its economic momentum in the years to come. The country has a strong financial system and a resilient labor market. These factors should help Canada to weather the challenges of the global economy and continue to grow.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete
