Instrument: USDCAD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above price 1.27090 with take profit at price 1.27248.
Bearish Preference:
A sell position is envisaged if price trades below price 1.26394 with take profit at price 1.26249.
Fundamentals:
3:000PM CAD BOC Rate Statement
Comment: American and Canadian traders were back online this past session after an extended holiday weekend, and the impact on speculative activity was as tangible as the lift in liquidity itself. We are navigating back into historically active trading conditions through the month of September, but the flip from ‘doldrums’ to broad trends doesn’t happen in a single session.
Analysis: SCRUM Team
