The Canadian dollar is the second best performing currency of 2021 so far. Rabobank’s 1-3 month USD/CAD forecast remains at 1.26-1.27 but the risk in the coming weeks is skewed to the upside with USD/CAD likely to trade above the 1.27 handle in the next two weeks. Key quotes “We expect that price action in the next two weeks is likely to see USD/CAD primarily trade with a 1.27 handle.” “On the upside, key resistance comes in at 1.2750 ahead of 1.2840. We do not expect the pair to break 1.2880 in the next two weeks.” “On the downside, 1.2575 offers key support ahead of the recent low of 1.2468 although we do not expect either of those levels to be tested in the next two weeks.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD refreshes session tops, around 1.2675-80 region amid stronger USD FX Street 1 year The Canadian dollar is the second best performing currency of 2021 so far. Rabobank's 1-3 month USD/CAD forecast remains at 1.26-1.27 but the risk in the coming weeks is skewed to the upside with USD/CAD likely to trade above the 1.27 handle in the next two weeks. Key quotes "We expect that price action in the next two weeks is likely to see USD/CAD primarily trade with a 1.27 handle." "On the upside, key resistance comes in at 1.2750 ahead of 1.2840. We do not expect the pair to break 1.2880 in the next two weeks." "On the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
