For those who like to trade bounces from edges of flat horizontal channels, there is a good moment now with USDCAD.
If you compare macroeconomic reports of the US and Canada, you will see that the key indicators of the two countries (such as the interest rate, inflation, and unemployment) are not much different from each other. That’s why there are no fundamental reasons for trend formation in the nearest time.
Thus, we can be expecting a flat in the next two weeks.
This content is for informational purposes only and is not intended to be investing advice.
