fbpx

Daily Market Analysis 08/09/2021: USDCAD

Instrument: USDCAD

Technical Analysis

Bullish Preference: 
A buy position is envisaged if price trades above price 1.27090 with take profit at price 1.27248.
Bearish Preference: 
A sell position is envisaged if price trades below price 1.26394 with take profit at price 1.26249.
Fundamentals:
3:000PM CAD BOC Rate Statement

Comment: American and Canadian traders were back online this past session after an extended holiday weekend, and the impact on speculative activity was as tangible as the lift in liquidity itself. We are navigating back into historically active trading conditions through the month of September, but the flip from ‘doldrums’ to broad trends doesn’t happen in a single session.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping