Instrument: USDCAD
Technical Analysis
Bullish Preference:
Buy is envisage if price trades above 1.26223 with take profit at 1.26520.
Bearish Preference:
Sell is envisaged if price trades below 1.25585 with take profit at 1.25021.
Fundamentals:
7:30PM CAD Gov Council Member Schembri Speaks
Comment: Crude prices have been buoyant since the Organization of the Petroleum Exporting Countries, Russia and their oil producing allies, known as OPEC+, agreed last week on broadly sticking with output cuts despite rising crude prices.
“There is little data to drive oil over the rest of the session, so sentiment is likely to remain a key force.
Analysis: SCRUM Team