USD/CAD Forecast Apr. 19-23 – Will Bank Of Canada Taper QE?

1.2640 was tested at the end of March.

1.2555 (mentioned last week) is next.

1.2345 is the first support level.

1.2181 is the final line for now..

I remain bearish on USD/CAD

The Canadian economy is finding its footing, and employment numbers continue to impress. If the BoC sends a hawkish message to the market at this week’s meeting, then the Canadian dollar could gain ground (FXC).

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