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USD/CAD Forecast

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by , 07-31-2022 at 06:18 PM (197 Views)
      
   
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Fresh data prints coming out of the US and Canada may influence the near-term outlook for USD/CAD amid the ongoing shift in monetary policy.
The daily price is located near and above 200 SMA in the bullish area of the chart. If the price crosses the 100 SMA together with fibo support level at 1,2787 to below so the secondary correction will be continuing with the possible daily bearish reversal. If the price is bounced from 100 SMA and support level to above so the primary bullish trend will be resumed.

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