Don’t miss this month’s edition of the George Davis Report, where George follows up on last month’s discussion topic and highlights our new forecast revisions for USD/CAD.
What you need to know:
1
Last month we provided real-time analysis of our cross asset technical framework.
2
We review our conclusions and market price action since then.
3
Our forecast for a peak in USD/CAD has been pushed out to H1 2024 in conjunction with our broader USD profile.
4
The resilience of the US economy and “higher for longer” interest rate settings should lend support to the USD.
5
Bond and equity market performance will also play a key role in USD direction.
For the trading range:
USD/CAD
Buyers
1.3300/1.3400
Sellers
1.3700/1.3800