USDCAD neutral

USDCAD at the crossroads

01 June 2022 129
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The pair is traded near the support of 1.264.

 

Tonight will be updated statistics of the US in terms of business activity and of Canada in terms of business climate and interest rate.

 

An increase in the Canadian interest rate and a decrease in business activity in the US manufacturing sector are forecast.

 

Soon we will find out whether the justification of expectations will contribute to the decline in USDCAD. If so, then the pair is likely to decline to the level of 1.25, otherwise it will rise to the level of 1.277.

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