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USDCAD Target Remains 1.3870
USDCAD has been relatively choppy in 2024, but my target that I set on January 3rd remains 1.3870, and today’s video explains why. I also shed some light on what’s happening with the US Dollar Index (DXY), and why the bottom may be in. USDCAD has consolidated over the last couple of weeks following a breakout that began on April 10th. This isn’t surprising considering the imbalance that was left in the wake of that April 10th breakout candle. For USDCAD to remain constructive, bulls need to keep the pair above 1.3650 and especially 1.3600 on a daily closing basis. Do that, and I think we see another leg up for ... (full story)