Bullish on the Loonie-U.S. Dollar

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Will Duxon
Will Duxon published an idea on USDCAD, H1
2 months ago

The longer-term trend lines for the U.S. dollar-Canadian dollar are very conflicted. However, in the shorter run, the one-week trend is bullish, with price more-or-less rising from day to day ever since October 22, 2021. That northbound trajectory appears to have resumed about ten hours ago, after the bearish pullback initiated toward the end of November 12, 2021 became exhausted.

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