Instrument: USDCAD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.34280 with take profit at 1.34411sss
Bearish Preference:
Sell position is envisaged if price trades below 1.33830 with take profit at 1.33685
Fundamentals:
No high impact fundamental
Comment:
The dollar steadied on Tuesday after rallying the previous day as investors flocked to the safe haven currency on worries over China’s COVID flare-ups, while bitcoin came under pressure after fears of fresh contagion from the collapse of crypto exchange FTX.
Analysis: SCRUM Team
