Market Analysis of USDCAD on Friday 2 AUGUST 2024

2024-08-02 20:01Fonte:BtcDana

USDCAD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in positive trend and stop loss is 1.3840 level . It can rise above 1.3890 level   .Intraday purpose buying is better with stop loss 1.3840 level expecting intraday targets 1.3890 , 1.3900 and 1.3910 levels respectively .Strong support  area is 1.3852 to 1.3866 level .

QUICK FUNDAMENTAL LOOK

                                                                   

The dollar slipped on Friday as investors fretted U.S. payrolls data could be weak after an unexpected slump in U.S. manufacturing raised concerns about a slowdown in the world's largest economy and lifted traditional safe-haven currencies.

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

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