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USDCAD Technical Analysis - Key levels to watch for a big breakout

Following the big USD depreciation after the miss in the US CPI report, we saw the greenback coming back across the board as the US data kept on surprising to the upside. In fact, the US Retail Sales Control Group beat expectations by a big margin and the US Initial Claims fell to record lows. Moreover, the US PMIs yesterday showed a mixed picture with Services PMI missing expectations but the Manufacturing PMI jumping from 46.2 to 49.0. As long as we keep on seeing good data for the US and the... Read More

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Content Topics

Usdcad

Technical

Analysis

Levels

Watch

Breakout

Forex

Posted: Jul 25 2023, 07:06

Author Name: forexlive

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