Daily Market Analysis 03/11/2021: USDCAD
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.24325 with take profit at 1.24451. Bearish Preference: Sell position is envisaged if price trades below 1.24016 with take profit at 1.23885. Fundamentals:1:15pm USD ADP Non-Farm Employment Change3:00pm USD ISM Services PMI7:00pm USD FOMC Statement7:30pm USD FOMC Press Conference Comment: Although it’s the Fed’s outlook on …