USDCAD - 6 Mar, trend break and recovery

USDCAD trend forecast March 5, 2025

💬The USD/CAD pair continues its decline, reaching around 1.4335 during the late American session on Wednesday. The Canadian Dollar (CAD) gains strength against the US Dollar (USD) as investors assess the possibility of Canada receiving partial relief from US tariffs. Later on Thursday, key economic data releases, including US Initial Jobless Claims and the Canadian Ivey Purchasing Managers Index, are expected.

On Wednesday, the White House announced that US President Donald Trump would grant a one-month exemption for automakers from the newly imposed tariffs on Mexico and Canada. This decision follows Trump's tariff strategy, which implemented a 25% duty on all imports from these countries. As a result, the Loonie rises, creating downward pressure on the USD/CAD pair.

💬 Breaking the H1 trend, USDCAD shows signs of recovery.

🥇/// BUY USDCAD: zone 1.43100 - 1.42900

SL: 1.42600

TP: 40 - 60 - 100pips ( 1.43900 )

Safe and profitable trading