Instrument: AUDCAD
Bullish Preference:
A buy position is envisaged if the price trades above 0.89912 with take profit at 0.090211
Bearish Preference:
A sell position is envisaged if the price trades below0.89427 with take profit at 0.89196
Fundamentals:
1:30pm CAD Core Retail Sales m/m CAD Retail Sales m/m
Comment:
The Canadian dollar rose to session highs earlier after unexpectedly strong German factory data eased concerns over the outlook for the euro zone’s largest economy, bolstering risk appetite.
Analysis: SCRUM Team