In terms of the reasons as to why sentiment has taken a positive turn for the better and USD has fallen; positive vaccine news is likely helping.
-USDCAD has slid back from European morning session highs in the 1.2780s to test the 1.2700 level.
-CAD has been lagging the likes of NZD, GBP and AUD, likely due to softness in crude oil markets.
We can expect this pair to stay Bullish as this also has to do with Seasonality and fundamental analyses.
Bulls can enter this week at 1.26567 - 1.27129. Expect to TP around 1.28670 price area.
If you are enjoying our Trade Plans, please do comment and let us know how we're doing. :)
-USDCAD has slid back from European morning session highs in the 1.2780s to test the 1.2700 level.
-CAD has been lagging the likes of NZD, GBP and AUD, likely due to softness in crude oil markets.
We can expect this pair to stay Bullish as this also has to do with Seasonality and fundamental analyses.
Bulls can enter this week at 1.26567 - 1.27129. Expect to TP around 1.28670 price area.
If you are enjoying our Trade Plans, please do comment and let us know how we're doing. :)