USDCAD

The transition of the Bank of Canada to a policy of interest rate cuts continues to shape the expectations for an increase in the USDCAD pair. Fundamentally, the pair is supported for upward movement, and technically, it maintains a positive outlook with the formation of a W pattern. Based on this formation, the target level is seen as 1.4326. For the USDCAD pair, where both fundamental and technical factors support an increase, it is deemed appropriate to evaluate buy positions. For gradual purchases, the levels of 1.3788, 1.3757, and 1.3747 can be used as a basis. Over the long term, it is anticipated that pullbacks in the pair may remain limited due to interest rate policies.