Skip to content 
Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 1.39042 with take profit at 1.39662
Alternative scenario:
Sell position is envisaged if price trades below 1.38583 with take profit at 1.38400
Fundamentals:
USD Unemployment Claims 1:30pm
Comment: Technically, this pair got rejected when it tested a two week low and price momentum slowed down afterwards. Investors are still confident the U.S will gain more traction and given that demand for oil isn’t rising anytime soon, it is envisaged that CAD weakens in the long run.
Analysis: SCRUM Team
