The USD/CAD pair might rise in the medium term, according to our technical analysis. The RSI oscillator is above 50, and the price has already reached EMA 50 and EMA 200 on the daily chart. The MACD indicator likely remains positive as long as there is a sustained uptrend. The stochastic oscillator will remain above 50 for an extended period, according to the weekly chart.
The most important data of this week:
BOC rate decision (+1.75% expectation); ( +1.5% previous)
US GDP QoQ (+3.4% expectation); (+4.2% previous)