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USDCAD Technical Analysis - Choppy Trading

On the daily chart below for USDCAD, we can see that after bouncing again near the 1.33 handle and rallying back to the 1.3553 resistance, the price action became a bit choppy between the 1.34 handle and the 1.3553 resistance. The market is waiting for further economic data to decide where to go next. The Fed left a door open for another hike in June if the data remains strong, so the market is particularly focused on economic reports at the moment with the NFP and CPI next month confirming or d... Read More

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Content Topics

Usdcad

Technical

Analysis

Choppy

Trading

Forex

Posted: May 23 2023, 09:16

Author Name: forexlive

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