remains in a bullish trend, but recent price action has been soft. Economists at Rabobank expect the pair to head gradually higher over the coming months towards 1.37.“The technical picture points to more downward pressure in the short term, but we expect strong support at 1.3230 and are of the view that the 1.32 handle will hold.”
“Our expectation of a USD retracement means we see USD/CAD trading around the 1.37 level towards the end of 2023. However, we expect price action to be a rocky ride and see room for USD/CAD implied to head higher.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
Source: Digital Coin News (digitalcoinnews.net)
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