#USDCAD @ 1.36585 to extend its rise towards 1.3810 and October peak of 1.3980 – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
The Canadian Dollar lost 1.3% on the US Dollar last week. Economists at Société Générale expect the USD/CAD pair to see further gains towards the 1.3810 mark and October peak of 1.3980.
“The USD/CAD pair has negated the previous Head and Shoulders and has reclaimed the 50-Day Moving Average.”
“A move towards 1.3810 and October peak of 1.3980 is expected.”
“Last week’s low at 1.3380 aligns as near term support.”
See – USD/CAD: Loonie could appreciate substantially in 2023 – NBF
[/s2If]
Join Our Telegram Group
