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No tariff worries: USD/CAD falls to the lows of the week
CAD
USDCAD 1 hour
We are still waiting for more indications around US tariffs on Canada but the market is taking a constructive view. USD/CAD is at the lowest levels since Trump on Thursday said he would go ahead with levies on Canada and Mexico.
Yesterday I highlighted a double top on that chart at 1.4540 and that technical case has strengthened with the pair now 200 pips lower and breaking a pair of weekly lows from Mon/Tues. A measured target would be as low as 1.4200
Source: Forex Live
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