After the new trade Agreement (USMCA) that I personally call, commercial scam, the USDCAD pair seems to stay flat on a major historical level that has been worked on since 1994. So it's a checkpoint or Point of Control. The pair USDCAD, is according to me, the forex pair, the most difficult to trade because these two pairs are from a geographical point of view and monetarist, similar. We can even say that the Looney is the little brother of the Green back. This makes it difficult to deal with it. It's not only just a question of using macroeconomics and technical analysis to intervene. The use of mathematics, in terms of fractions, also puts its grain of salt. In the sense that sometimes when the dollars can be bearish and the CAD also, but the pair USDCAD oddly progresses upward (-/- = +). So currently in a technical way, as long as we stay on or around 1.30450, I consider the pair USDCAD neutral. We have the Canadian monthly inflation that is expected to be stabilised, especially since we are in the uncertainty about dollars, even though it is progressing and carrying out the highest dailies, but it remains uncertain. Therefore, I would prefer the very short-term neutrality on that, but I am rather bearish on the medium and very long term.
Francois Abley