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Instrument: USDCAD
Bullish Preference:
A Buy position is envisaged if the price trades above 1.35283 WithTake profit at 1.35361
Bearish Preference:
A Sell position is envisaged if the price trades below 1.35108 with Take profit at 1.35030
Fundamentals:
1:30 PM USD: Core PPI m/m
Core Retail Sales m/m PPI m/m
Retail Sales m/m
Unemployment Claims
Comment:
The dollar was little changed on Friday, consolidating gains amassed during the week on better-than-expected U.S. economic data, even as the currency’s underlying strong trend remained amid stable consumer and labor markets, which have kept the prospect of another rate increase on the table this year.
Analysis: SCRUM Team
