Instrument: USDCAD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.38364 with take profit at 1.38496
Bearish Preference:
Sell position is envisaged if price trades below 1.37631 with take profit at 1.37479
Fundamentals:
1:30pm USD PPI m/m
7:00pm USD FOMC Meeting Minutes
Comment:
U.S. inflation data for September is also a key point of focus for metal markets this week. Producer price inflation data is due later on Wednesday, and is expected to show that price headwinds for manufacturers persisted last month.
Analysis: SCRUM Team