Why USDCAD could continue to fly?
Why USDCAD could continue to fly?
1. FOMC meeting minutes indicated Tarping would begin by year-end, which has already lifted the dollar index to a nine-month high.
2. CAD weaken alongside the crude and other commodity prices.
3. Cup and Handle pattern implies a further upward trend to February high 1.2880, although some small correction could be expected.
1. FOMC meeting minutes indicated Tarping would begin by year-end, which has already lifted the dollar index to a nine-month high.
2. CAD weaken alongside the crude and other commodity prices.
3. Cup and Handle pattern implies a further upward trend to February high 1.2880, although some small correction could be expected.
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