#USDCAD @ 1.37298 : Next potential objectives located at 1.4040 and 1.4210 – SocGen
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USD/CAD is trading above 1.3750 ahead of the Canadian Consumer Price Index (CPI) report. Economists at Société Générale expect the pair to target 1.4040 and then 1.4210.
“Weekly MACD is firmly anchored within positive territory denoting prevalence of upward momentum.”
“Currently a pause is underway however 1.3500, the 23.6% retracement from 2021 should provide support.”
“Next potential objectives are located at projections of 1.4040 and 1.4210.”
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