USDCAD - Easing the tax tensions in CANADA

14 Şub

USDCAD trend forecast February 14, 2025

The USD/CAD pair continues its downward trajectory, slipping to a two-month low near the 1.4195 mark during the late American session on Thursday. The decline is driven by weakening US bond yields and a softer US Dollar (USD). Market participants are now closely monitoring the upcoming release of US Retail Sales data for January, scheduled for later in the day.

Meanwhile, US President Donald Trump on Thursday formalized his plans for imposing “reciprocal tariffs” by signing a presidential memorandum. This initiative aims to levy equivalent duties on countries that impose tariffs on US imports. The move follows last week’s implementation of a 10% tariff and adds to a series of protectionist measures, including a 25% tariff on steel and aluminum, as well as additional levies on Chinese goods announced earlier in the week.

Strong downtrend, continue to decline usdcad

/// SELL USDCAD: zone 1.42100-1.42200

SL: 1.42600

TP: 40 - 70 - 100pips ( 1.41200 )

Safe and profitable trading

14 Şub

İşlem aktif

Exactly the trend of USDCAD, Miss Entry Sell 1.42100 a bit. Price decreased to 1,41500. Great Sell