USDCAD - 21 Jan - CPI CAD forecasts bad CAD

٢١ يناير

USDCAD trend forecast January 21, 2025

The USD/CAD pair surged to 1.4518 before retreating sharply to 1.4445 during Tuesday's Asian session. The Canadian Dollar (CAD) faced pressure following US President Donald Trump's comments about potentially imposing tariffs on Canadian imports. Later in the day, attention will turn to Canada’s December Consumer Price Index (CPI) inflation report.

On Monday, Trump mentioned the possibility of implementing 25% tariffs on imports from Canada and Mexico, citing concerns over border crossings and fentanyl. He suggested the measures could take effect as early as February, stating, "We’re considering 25% tariffs on Mexico and Canada because they’re allowing large numbers of people to cross the border."

Yesterday's big USD fluctuation caused the USDCAD exchange pair to fluctuate strongly - breaking the uptrend, waiting for BUY entry according to today's CPI CAD news

/// BUY USDCAD : zone 1.43900 - 1.43700

SL: 1.43400

TP: 40 - 70 - 150pips ( 1.45200 )

Safe and profitable trading

٢١ يناير

تم فتح الصفقة

+ 60 pips , great signal BUY USDCAD( 1.43900 - 1.43700 )