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Instrument: USDCAD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.23689 with take profit at 1.23776.
Bearish Preference:
Sell position is envisaged if price trades below 1.23490 with take profit at 1.23406.
Fundamentals:
No major fundamental
Comment: The Canadian Dollar’s strength in recent days slowed heading into the final full trading week of October. Still, that leaves it around its average most expensive price against the US Dollar. Is momentum slowing for a good reason? Or could the dominant uptrend that started on Thursday resume in the week ahead? fundamentals this week will tell us more.
Analysis: SCRUM Team
