Instrument: USDCAD
Bullish Preference:
Buy position is envisaged if price trades above 1.38125 with take profit at 1.38239.
Bearish Preference:
Sell position is envisaged if price trades below 1.37804 with take profit at 1.37938.
Fundamentals:
None with Expected High Impact
Comment:
U.S. stock futures indicated a slightly positive opening for Wall Street on Monday, with market participants cautiously optimistic ahead of a fresh week of trading. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all edged higher in the early hours, suggesting a modest rebound from the previous week’s fluctuating sessions.
Analysis: SCRUM Team