USDCAD - Forming 2 bottoms - recovery and accumulation

7. Jan.

USDCAD trend forecast January 7, 2025

The Canadian media outlet The Globe and Mail reported on Tuesday that Canada’s federal government is considering an early release of a proposed list of U.S. products that could face retaliatory Canadian tariffs if incoming U.S. President Donald Trump imposes tariffs on Canada.

Price tends to decrease more when breaking H1 frame support - need to continue accumulating. Based on the double bottom pattern for a short recovery

/// BUY USDCAD : zone 1.43050- 1.43150

SL: 1.42750

TP: 50 - 70 - 100pips ( 1.44050)

Safe and profitable trading

7. Jan.

Trade ist aktiv

+ 60 pips , great signal PLAN BUY USDCAD( 1.43050 - 1.43150 )