Skip to content 
Instrument: USDCAD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.27099 with take profit at 1.27225.
Bearish Preference:
A Sell position is envisaged if price trades below price 1.26638 with take profit at 1.26468.
Fundamentals:
3:30pm USD Crude Oil Inventories4:45pm USD Fed Chair Powell Speaks
Comment: The USD/CAD pair lacked any firm directional bias and remained confined in a narrow trading band, below the 1.2700 mark through the early European session. The USD continued drawing some support from expectations for an early policy tightening by the Fed.
Analysis: SCRUM Team
