$USDCAD above 1.4150 by EOM?
asked by u/kittipongsangthong · 7d · 0 answers
Been watching $USDCAD closely, it's pressing against resistance right now, sitting at 1.40918. We've seen it push towards 1.4115 today, and looking at the longer-term trend, the upward pressure feels persistent. With the Fed rhetoric lately, and oil showing some softness, there's a decent tailwind for the USD. I'm putting the odds of it hitting 1.4150 by month-end at around 60-65%. It's not a certainty, obviously, but the momentum and macro backdrop seem to align for that move. Wouldn't be surprised to see it consolidate a bit first, but I think the direction is clear enough.