Instrument: USDCAD
Bullish Preference:
A buy position is envisaged if the price trades above 1.35325 with take profit at 1.35494.
Bearish Preference:
A sell position is envisaged if the price trades below 1.34922 with take profit at 1.34783.
Fundamentals:
No major Fundamentals
Comment:
The dollar held firm on Monday following five straight weeks of gains, as investors looked ahead to the Federal Reserve’s Jackson Hole symposium for guidance on where rates might settle when the dust of this hiking cycle clears
Analysis: SCRUM Team