Instrument: USDCAD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.30268 with take profit at 1.30403
Bearish Preference:
A Sell position is envisaged if price trades below price 1.29965 with take profit at 1.29839
Fundamentals:
1:30pm CAD Employment Change
CAD Unemployment Rate
Comment:
The U.S. dollar edged higher in early European trade Friday, attempting to recoup some of the previous session’s hefty losses ahead of the release of the widely-watched monthly U.S. employment report.
Analysis: SCRUM Team