The US dollar fell against the Canadian dollar right away, but it is already starting to turn things around, and again, I think this is a situation where it offers you a potential trade. I like the idea of buying the dollar against the Canadian dollar, and it looks like the market is okay with that, too. If we do break out to the upside, the 1.43 level gets targeted, followed by the 1.45 level.
Trending
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- A busy week ahead for FX
EUR/USD, USD/CAD and GBP/USD Forecasts – Weak 54K NFP Sparks Short-Lived Dollar Drop
By Robert Jessi
