Trader Wulfgar said BOM (Bank of Montreal) sees USDCAD at 1.07500 at the end of the year.
Looking on my weekly and daily charts I would even dare to say that this level can be reached in early October.
All signals are bullish, momentum is strong bullish and if last barrier of 1.0400 is broken I see open space to reach that target.
I think now markets are awaiting some impulse news.
Today we have couple of news and we all should have an eye on those coming from US and tomorrow from Canada.
Keep in mind that some bad news can also bring the pair down to its previous levels, though it's less probable scenario.
Here’s my optimistic bullish scenario:
Looking on my weekly and daily charts I would even dare to say that this level can be reached in early October.
All signals are bullish, momentum is strong bullish and if last barrier of 1.0400 is broken I see open space to reach that target.
I think now markets are awaiting some impulse news.
Today we have couple of news and we all should have an eye on those coming from US and tomorrow from Canada.
Keep in mind that some bad news can also bring the pair down to its previous levels, though it's less probable scenario.
Here’s my optimistic bullish scenario:
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