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USD/CAD Signal - United States 5-Year TIPS Auction- 21 April 2022

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Signal Details
Entry Price: 
1.24918
Take Profit: 
1.26011
Stop Loss: 
1.24163
Direction: 
Buy
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USD/CAD is trading to the upside today prior to the US 5-Year TIPS Auction. TIPS provide investors with protection against inflation: the principal of the TIPS increases with inflation and decreases with deflation. We anticipate USD to gain momentum against the CAD into level 1.26011

Submitted by John F. on Thu, 21 Apr 2022 14:09:05 GMT

Live Broker Spreads

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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