USDCAD Outlook for the week ahead

THE WEEK AHEAD: The USDCAD rate is likely to remain bid, supported by bullish technical’s targeting 1.0660 while simultaneously enjoying a bullish outlook against the other majors. As long as traders have the perception that the risk to US rates is higher while the UK and Euro zone are more prone to cut rates, US dollars will be in demand. For the rest of the article please go to Saxo Bank Trading floor.

Categories FX, Foreign Exchange, Currency, Canadian DollarTags ,

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