Instrument: USDCAD+
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.35780 with take profit at 1.36159
Bearish Preference:
A Sell position is envisaged if price trades below price 1.35041 and TP at 1.34735
Fundamentals:
2:30pm USD CPI m/m
USD CPI y/y
USD Core CPI m/m USD Unemployment Claims
5:50pm CAD BOC Gov Macklem Speaks
Comment:
CAD prices steadied on Thursday after falling for three days as the impact of renewed COVID curbs in China, the world’s biggest crude importer, weighed and traders await U.S. inflation data that may give direction on further interest rate increases. With CPI in View, Investors are waiting for the release of the interest rate in view later today
Analysis: SCRUM Team