Get ready for a potential massive move on USDCAD!
This week, USDCAD printed a fresh IFVG (Inefficiency Fair Value Gap), signaling a trend reversal. What does this mean? Buckle up, because I believe we could be headed for 1.5400 in the coming months, with a relatively equal high target at 1.4800. Any sudden dips in USDCAD are golden BUY opportunities!
Retail traders, pay attention! While many are betting that potential rate cuts will weaken the USD, they might be in for a BIG surprise! Rate cuts don’t mean a weak dollar – they signal that the economy needs lower rates to support growth. Did Powell just drop a hint that a recession might be looming over the US? 🤔 With interest rates now back to levels we saw prior to the Global Financial Crisis (GFC), things could be heating up!
Position traders – this is your time to capitalize! Keep your eyes peeled for those key levels and stay sharp!
Happy trading!