USDCAD Analysis

Daily Market Analysis 26.10.2022: USDCAD

Instrument: USDCAD+

Technical Analysis

Bullish Preference:  
Buy position is envisaged if the price trades above 1.35777 with take profit at 1.36102
Bearish Preference: 
Sell position is envisaged if the price trades below 1.34987 with take profit at 1.34696
3:00pm     CAD   BOC Monetary Policy                 
CAD    BOC Rate Statement    

Oil prices were broadly stable on Wednesday, moving in and out of negative territory after industry data showed U.S. crude stockpiles rose more than expected last week, though supply concerns and a weaker dollar gave support.

Analysis: SCRUM Team

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