USDCAD Price forecast from the support
Now, market went up +2289 points (+228.9 pips) within last 24 hours.
It’s a hard rebound from the support zone of USD/CAD.
As per the long term analysis, We looking for “CAD” to get stronger in coming days due to Oil price recovery. If Crude oil price increases, CAD will get strong as Canadian economy heavily depend on Oil markets.
Double top formed after 4 years in USDCAD check here our previous update.
Technically, We can see a Double Top formed in USDCAD Weekly chart forecast. USCAD is staying high at the top price level now.
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