ARE WE SELLING USDCAD?
What’s up traders? Hope you all well.
The 25% tariff on Canadian exports has significantly weakened the loonie. Political fallout followed, with Prime Minister Justin Trudeau resigning on the back of the tariffs, reflecting the economic and political strain on Canada.
These are my thoughts on USD/CAD: Price recently broke out of a downtrend. However it has respected my KEY RESISTANCE AREA/PREVIOUS SESSION HIGH. Expecting a 80 pip drop on USDCAD
The 25% tariff on Canadian exports has significantly weakened the loonie. Political fallout followed, with Prime Minister Justin Trudeau resigning on the back of the tariffs, reflecting the economic and political strain on Canada.
These are my thoughts on USD/CAD: Price recently broke out of a downtrend. However it has respected my KEY RESISTANCE AREA/PREVIOUS SESSION HIGH. Expecting a 80 pip drop on USDCAD
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