USDCAD - 27 Jan - sideway resistance zone reaction

27 Jan

USDCAD trend forecast January 27, 2025

The USD/CAD pair rebounds from the losses of the previous two sessions and trades near 1.4390 during early Monday's Asian session. The pair's upward movement is driven by increased discussions among US President Donald Trump’s advisors about implementing 25% tariffs on Mexico and Canada as early as February 1.

According to a report from the Wall Street Journal (WSJ) on Monday, Trump’s advisors are pushing to proceed without waiting for negotiations or discussions. A senior administration official mentioned in the report highlighted the President's readiness to act swiftly, referencing his recent decision to impose tariffs on Colombia as an example.

SIDEWAY and strong accumulation, moving in the 2 nearest resistance and support zones

/// SELL USDCAD : zone 1.44100 - 1.44250

SL: 1.44550

TP: 40 - 70 - 150pips ( 1.42750 )

Safe and profitable trading

27 Jan

Dagangan aktif

Unfortunately - USDCAD only reached the price of 1.44000 then dropped sharply