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USD/CAD. Analysis and Forecast
The USD/CAD pair continues to build
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The USD/CAD pair continues to build on its recent rebound from the psychological level of 1.3500, reaching highs not seen in more than a week. Prices are holding just below the 1.3650 level as the pair attempts to break above the 20-day SMA. At the same time, bulls are showing caution ahead of fresh Canadian consumer inflation data. Canada's core Consumer Price Index (CPI) is expected to exceed the Bank of Canada's target and reach 2.4% year-over-year in January.These key
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Irina Yanina,
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