Instrument: USDCAD+
Technical Analysis
Bullish Preference:
Buy position is envisaged if the price trades above 1.35777 with take profit at 1.36102
Bearish Preference:
Sell position is envisaged if the price trades below 1.34987 with take profit at 1.34696
Fundamentals:
3:00pm CAD BOC Monetary Policy
CAD BOC Rate Statement
Comment:
Oil prices were broadly stable on Wednesday, moving in and out of negative territory after industry data showed U.S. crude stockpiles rose more than expected last week, though supply concerns and a weaker dollar gave support.
Analysis: SCRUM Team
