Instrument: USDCAD+
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.36221 with take profit at 1.36345
Bearish Preference:
A sell position is envisaged if the price trades below 1.36047 with take profit at 1.35883.
Fundamentals:
1:30pm- USD Unemployment Claims
5:50pm- CAD- BOC Gov Macklem Speaks
Comment:
The Fed on Wednesday raised its benchmark overnight interest rate by a quarter of a percentage point, as expected, but dropped from its policy statement language that it “anticipates” further rate increases would be needed. The weekly unemployment claims are due later in the session and are expected to point to a cooling labour market ahead of Friday’s non-farm payrolls release.
Analysis: SCRUM Team
