Market Analysis of USDCAD on Friday 7 JUNE 2024

2024-06-07 18:39Source:BtcDana

USDCAD TECHNICAL ANALYSIS SHORT TERM VIEW    

 USDCAD running in positive trend and its immediate strong support are 1.3592 to 1.3690 level .  Stop loss is 1.3600 level and it can rise towards 1.3743 level minimum in short term  .Intraday purpose buying is better for targets 1.3692,1.3697 and 1.3705  levels respectively with stop loss 1.3600 level.

QUICK FUNDAMENTAL LOOK                                                                    

The dollar hovered around eight-week lows on Friday ahead of a crucial U.S. jobs report that could give investors a better idea of when the Federal Reserve might start cutting interest rates.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

More