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Instrument: USDCAD
Bullish Preference:
A Buy position is envisaged if the price trades above 1.31636 with take profit at 1.31749.
Bearish Preference:
A Sell position is envisaged if the price trades below 1.31404 with take profit at 1.31218.
Fundamentals:
USD: CB Consumer Confidence 3:00pm
Comment:
The US dollar was mixed against its major trading partners early Tuesday — down against the European currencies, up compared with the yen and Canadian dollar — ahead of a packed schedule of economic data that will be highlighted by consumer confidence for June and new home sales for May There are no Fed speakers on Tuesday’s schedule, but markets will look forward to an appearance by Fed Chairman Jerome Powell Wednesday morning.
Analysis: SCRUM Team
