USDCAD - 13 May, break the trend, continue the growth momentum

5月13日

USDCAD trend forecast MAY 13 , 2025


💬USD/CAD eyes a fifth consecutive daily advance, trading near 1.3970 in Tuesday’s European session. However, the pair encounters mild resistance as the US Dollar (USD) loses some ground amid cautious sentiment ahead of the closely watched US Consumer Price Index (CPI) report for April, scheduled for release later today.

Market forecasts point to a rebound in headline inflation, expected to rise 0.3% month-over-month after a previous -0.1% decline, while core CPI is also anticipated to climb to 0.3% from 0.1%. On a yearly basis, both metrics are projected to remain steady, adding to the uncertainty surrounding the Federal Reserve’s policy outlook.

💬 M30 short-term chart, shows USDCAD price breaks the trend line and continues to increase. Combined with today's US CPI data, good prediction for USD, price continues to increase.

🥇/// BUY USDCAD: zone 1.39600 - 1.39500

SL: 1.39200

TP: 40 - 60 - 100pips ( 1.40500 )


Safe and profitable trading

5月13日

交易進行

USDCAD continues to maintain the rising momentum of 1,39900