2019 - 2020 CAD/USD : Canadian Dollar rate Long-term forecast, down to 0.665
Will the Canadian Dollar (CAD) be strong or weak against US dollar from now on? Many people say that US dollar will and should be collapsed. I agree, but the point is WHEN. In my opinion, US dollar will be strong against other currencies for some years.
CAD/USD (CAD to USD) rate is likely to go down in the long term. 0.7 and 0.665 could be supports. They may fluctuate at the level of 0.7. In the end, they will fall to 0.665. Of course, it can take a lot time.
Even though the prices of Gold and Crude oil are strong, I guess, CAD/USD rate will go down. CAD/USD does not seem to have any level of strong supports. If they go up for some reason, it will be good opportunities to sell.
[CAD/USD rate monthly chart]
CAD/USD (CAD to USD) rate is likely to go down in the long term. 0.7 and 0.665 could be supports. They may fluctuate at the level of 0.7. In the end, they will fall to 0.665. Of course, it can take a lot time.
Even though the prices of Gold and Crude oil are strong, I guess, CAD/USD rate will go down. CAD/USD does not seem to have any level of strong supports. If they go up for some reason, it will be good opportunities to sell.
[CAD/USD rate monthly chart]