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Instrument: USDCAD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.35046 with take profit at 1.35277.
Bearish Preference:
A sell position is envisaged if the price trades below price 1.34651 with take profit at 1.34439.
Fundamentals:
3PM USD Prelim UoM Consumer Sentiment
Comment:
The U.S. dollar was little changed on Friday but was heading for its biggest weekly gain since February BUT the overall trend for the greenback remained down. It has fallen more than 11% since hitting a 20-year high last year and has slipped in seven of the last nine weeks.
Source: investing.com
