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Instrument: USDCAD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.29871 with take profit at 1.30021
Bearish Preference:
Sell position is envisaged if price trades below 1.29492 with take profit at 1.29380
Fundamentals:
1:30pm USD CPI m/m
USD Core CPI m/m
Comment:
The U.S. dollar edged lower in early European trade Wednesday, but remains near a two-decade high ahead of the release of key inflation data which could influence Federal Reserve thinking.
Analysis: SCRUM Team
