SIGNAL CHANGE – USD/CAD SHORT – TP CHANGE
USD/CAD update. CA analysts today are pushing up the target profit level on the USD/CAD short analysis, which was a little more daring when looking at the current development of this currency pair.
ORIGINAL TEXT: USD/CAD Short. The USD/CAD currency pair is moving in a long-term downward trend, which it has been in since March this year. The current technical decline in prices is obvious and is already underway. In the following days, it may again break several months of lows. Not only because of the problems with President Trump and Covid, we are witnessing a long-term weakening of the US dollar against the Canadian dollar. The current situation in the currency field is most in favor of a further decline in the US dollar.