USDCAD - 18 Feb, CPI good for CAD , resistance

6 dni temu

USDCAD trend forecast February 18, 2025

The USD/CAD pair remains stagnant around the 1.4185 mark during the late American session on Monday, as market activity remains subdued due to the Washington’s Day holiday in the United States. Meanwhile, the US Dollar Index (DXY) trades in a narrow range, reflecting the lack of fresh catalysts. Investors now turn their attention to Canada’s Consumer Price Index (CPI) inflation data, scheduled for release on Tuesday, which could provide directional cues for the pair.

On Friday, US President Donald Trump reinforced his stance on trade protectionism, reiterating his commitment to imposing auto tariffs starting as early as April 2. This announcement marks yet another addition to a series of trade policies implemented since the beginning of his second term. Market participants will closely watch developments regarding further tariff measures, as any escalation in trade tensions could strengthen the US Dollar (USD) against its Canadian counterpart (CAD).

USDCAD returns to breakout resistance zone, CPI forecast is good for CAD, downward pressure on USDCAD

/// SELL USDCAD: zone 1.42150-1.42300

SL: 1.42550

TP: 40 - 80 - 100pips ( 1.41300 )

Safe and profitable trading

6 dni temu

Zlecenie aktywne

Start USDCAD signal has profit ( zone 1.42150 )

6 dni temu

Transakcja zamknięta: osiągnięto wyznaczony cel

+ 35 pips profit, USDCAD signal ( zone 1.42150 ), amazing signal