USDCAD - SIDEWAY price margin, break - entry SELL

3 Jan

USDCAD trend forecast January 3, 2025

The USD/CAD pair dips slightly to around 1.4395 during the Asian session on Friday, as higher crude oil prices lend support to the commodity-sensitive Canadian Dollar (CAD) against the US Dollar.

Thursday’s S&P Global report showed that Canada’s Manufacturing PMI climbed to 52.2 in December, up from 52.0 in November, marking its strongest level since February 2023. The result also exceeded expectations of 51.9, indicating improving conditions in Canada’s manufacturing sector.

H2 frame shows sideway, not much news affecting the price pair. Break the trend, wait for SELL entry

/// SELL USDCAD : zone 1.44000- 1.44150

SL: 1.44400

TP: 50 - 70 - 150pips ( 1.42650)


Safe and profitable trading

3 Jan

Dagangan aktif

Correct assessment - currently 15 pips SELL profit