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Feb 21 - 05:55 AM

USD/CAD - Reluctance To Chase USD/CAD Downside As Tariff Deadline Nears

By Justin McQueen  —  Feb 21 - 03:51 AM

• Once again, the support zone at 1.4150-78 puts a floor under USD/CAD

• Failure to break support should embolden those looking for a rebound

• As previously noted, another topside run remains in play

• Tariff deadline draws closer (Mar 4), likely to limit USD/CAD declines

• If U.S. imposes 25% tariffs, USD/CAD should be closer to 1.45

• For now, resistance at 1.4260 caps. Break would open up 55DMA (1.4334)
USDCAD daily chart


(Justin McQueen is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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