USDCAD - 22 Jan - SIDEWAY, support zone , entry BUY

٢٢ يناير

USDCAD trend forecast January 22, 2025

The USD/CAD pair shows modest gains near 1.4340 during the early Asian session on Wednesday, as the Canadian Dollar (CAD) faces pressure from weaker-than-expected December Consumer Price Index (CPI) inflation data and growing trade tensions between the United States and Canada.

US President Donald Trump announced on Monday that he is considering imposing 25% tariffs on imports from Canada and Mexico starting February 1, citing concerns over border crossings and fentanyl. These remarks have weighed on the Loonie, as Canada heavily relies on trade with the US, with approximately 75% of its exports destined for its southern neighbor.

USDCAD price sideways, around 2 resistance and support price zones H2 frame

/// BUY USDCAD : zone 1.43000 - 1.42850

SL: 1.43500

TP: 40 - 70 - 150pips ( 1.44350 )

Safe and profitable trading

٢٢ يناير

تم فتح الصفقة

+ 60 pips , signal BUY USDCAD ( 1.43000-1.42850 ) , amazing

٢٣ يناير

أغلقت الصفقة: تم الوصول للهدف

+ 100 pips , signal BUY USDCAD ( 1.43000-1.42850 ) , amazing