Daily Market Analysis 23/08/2021: USDCAD
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27482 with take profit at 1.27741. Bearish Preference: Sell position is envisaged if price trades below 1.27013 with take profit at 1.26773. Fundamentals:No major fundamentals Comment: The Canadian Dollar be may increasingly at risk of depreciating further against the US Dollar. USD/CAD has closed above the key 1.2748 …