The USDCAD pair has obstacles that must be overcome to rise
If we assume the continuity of the positive impact of expectations of a continuation of the Fed’s tightening pace on the USD, and the negative impact of expectations of a decline in oil demand due to China’s Covid policies on the Canadian CAD
If we assume the continuity of the positive impact of expectations of a continuation of the Fed’s tightening pace on the USD, and the negative impact of expectations of a decline in oil demand due to China’s Covid policies on the Canadian CAD