The bearish trend in USD / CAD will continue for now (see "Fundamental Analysis and Market Expectations").
In this assessment, on the one hand, there are expectations of accelerated growth of the American economy and the Fed's soft policy, and on the other, accelerated inflation in the United States and the growth of federal debt, given the new gigantic infrastructure spending.
Support levels: 1.2591, 1.2576, 1.2460, 1.2365, 1.2170
Resistance levels: 1.2615, 1.2636, 1.2660, 1.2740, 1.2820, 1.2925, 1.2990, 1.3040, 1.3110
Trading scenarios
Sell Stop 1.2570. Stop-Loss 1.2625. Take-Profit 1.2500, 1.2460, 1.2365, 1.2170
Buy Stop 1.2625. Stop-Loss 1.2570. Take-Profit 1.2636, 1.2660, 1.2740, 1.2820, 1.2925, 1.2990, 1.3040, 1.3110
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**) USD/CAD: Current Fundamental Analysis and Market Expectations
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