Daily Market Analysis 20|05|2020: USDCADMay 20, 2020 2020-05-20 7:30
Daily Market Analysis 20|05|2020: USDCAD
Sell position is envisaged if price trades below 1.39092 with take profit at 1.38737
Buy position is envisaged if price trades above 1.39711 with take profit at 1.40137
No major economic data with direct bearing on the commodity expected today
Comment: The Canadian dollar is on the rise amid the better market mood and oil prices remain on the rise. Private inventory data has shown a surprising draw, supporting crude prices. Inflation figures for April are due out in Canada.
Analysis: SCRUM Team