USD/CAD looks poised to trade towards the 1.2860-1.2880 level near term, where a confluence of 127% Fibonacci extensions are at from the August to September rally and the last November bounce. RSI is not oversold but divergent, which may suggest a near-term low may be found there.
USD/CAD has been slow to react to USD weakness and may attempt a move lower soon.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.