The USDCAD bearish trend continues towards February 2018 lows as the US stimulus package raises inflationary pressure on the dollar.
Rising oil prices are supportive of a stronger Loonie. However, in the last two weeks, the USD has been strengthening and the dollar index is showing
an unusual divergence with the USDCAD pair.
Having changed direction in Mid-Last week, Tesla Stock is expected to continue with its bullish momentum.
A good proportion of the stimmy checks is expected to be injected into the stock markets and Tesla could benefit.
Vaccine administration is progressing well in the US and is raising the positive sentiment of a faster recovery from the pandemic.
