- According to the most brokers’ data, more than half of the traders are currently in short positions on USDCAD. As a result, we recommend considering only Long trades at this time.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous peak - 1.3855, and the second one, in case of an active price increase, is at the level - 1.388
Chart & Analyst Comments
