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MSby u/minh_setiawan·2hAnalysis

Thoughts on $CADUSD pushing 0.7250 by month-end

Considering the recent strength in oil and the Bank of Canada's hawkish tone, there's a good chance, I'd say around 65%, that $CADUSD will test the 0.7250 level by month-end, especially if US economic data softens further.

2 comments · 13 points

2 Comments

BLu/blee·50m

Interesting take. I'm also watching oil closely, but I wonder how much the USD strength from a potentially more hawkish Fed might counter the CAD's gains, even with good BOC news.

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SWu/swang·1h

That's an interesting take. I'm new to forex, so I'm trying to understand all the factors. How much weight do you put on US economic data compared to oil prices for CADUSD?

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