Hello Guys,

USDCAD is trading at 1.3437, up 0.24% on the day, having posted a daily high at 1.3449 and low at 1.3394. USDCAD has been exceptional offered since the Fed, in spite of the way that oil costs are raised and yield spreads have contracted. Technically, the USDCAD continued to trade bullish at 1.3410, after completing a retracement at 23.6% Fib Level and at 1.3355, trading just above mentioned level. The resistance at 1.3422 and 1.3485. Furthermore, the supports remains at 1.3342 and 1.3310 for the day.

CAD

CPI m/m
Core Retail Sales m/m
Retail Sales m/m
Core CPI m/m

USD
Core Durable Goods Orders m/m
Final GDP q/q
Unemployment Claims
Durable Goods Orders m/m
Final GDP Price Index q/q
HPI m/m
Core PCE Price Index m/m
Personal Spending m/m
CB Leading Index m/m
Personal Income m/m

Daily Trading Range:
1.3600 – 1.3200

Support & Resistance Levels

R3: 1.3491
R2: 1.3432
R1: 1.3396
Pivot Point: 1.3338
S1: 1.3279
S2: 1.3243
S3: 1.3185

Recommendation

Buy Above: 1.3425
Take Profit:
1st @ 1.3475
Stop Loss @ 1.3400

All the Best…!!!

Scalp - USDCAD

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