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Canadian Dollar Price Forecast: USD/CAD, AUD/CAD, GBP/CAD – DailyFX
In an extremely busy week out of the US, CAD traders may want to look away from the US Dollar; and there’s potential in both AUD/CAD and GBP/CAD.
Canadian Dollar Price Forecast, USD/CAD, AUD/CAD, GBP/CAD
- USDCAD caught a quick run of strength last week after the Bank of Canada rate decision.
- USD/CAD ran into resistance at a familiar spot on the chart, and that stopped the bullish move in its tracks.
- USD/CAD could be noisy this week with all of the event risk out of the US. AUD/CAD or GBP/CAD may provide more amenable pastures to CAD bulls and/or CAD bears.
- The analysis contained in article relies on price action and chart formations. To learn…
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