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Instrument: USDCAD
Intraday: Bearish
Technical Analysis
Preference:
Sell position is envisaged if price trades below 1.35955 with take profit at 1.35687.
Alternative scenario:
Buy position is envisaged if price trades above 1.36203 with take profit at key level 1.36472.
Fundamentals:
1:30pm CAD Employment Change
Comment: Despite yesterday’s bullish move, USDCAD hit a verified resistance and is expected to trade bearish today especially with the positive fundamentals expected by 1:30pm today.
Analysis: SCRUM Team
