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Is the USDCAD a buy from a technical perspective? BofA likes it fundamentally.

July 23, 2022 by admin 0 Comments

The Bank of America is seeing the USDCAD as a buy (see post here). But what does that trade idea look like from a technical perspective? Does it make sense? What is the risk? What is the reward?

I take a look at the levels from an hourly and daily chart perspective to see if I agree from a technical perspective. Watch the video to see if it is a thumbs up trade idea or a thumbs down trade idea.

USDCAD forming a head and shoulder? That would be bullish

This article was originally published by Forexlive.com. Read the original article here.