RSS USD/CAD Forecast: US Dollar Continues to Cause Chaos Against Loonie (SIGNAL) - 20 January 2025

[Crax Bot]

The USD/CAD pair rose initially during the trading session on Friday, reaching the top of the recent consolidation area before giving back quite a bit of the gains. By doing so, it shows just how noisy and choppy the markets are right now, considering the currency markets are typically a lot less volatile than stock markets, which have been a bit of a monster themselves. That being said, this is a pair that I think eventually has to resolve to the upside, unless something drastically changes.

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