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Instrument: USDCAD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.37654 with take profit at 1.37829
Bearish Preference:
Sell position is envisaged if price trades below 1.37137 with take profit at 1.36891
Fundamentals:
1:30pm
CAD Employment Change
CAD Unemployment Rate
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment:
The dollar held onto strong overnight gains on Friday, buoyed by hawkish Federal Reserve speakers and as investors looked to a key jobs report later in the day for clues on how much further U.S. rates would need to rise.
Analysis: SCRUM Team
