Jul
3

USD/CAD D1 Technical July 03

Pair is trading in a range of 1.0560-1.0450 level. Price action on 1.0560 level should be carefully watch. If USD/CAD manage to break its resistance and H4 candle closure above this level then pair will continue its trend and target 1.0600-660 level respectively.

The scenario will be change. If pair didn’t manage to break its resistance and H4 candle closure below 1.0560 level then pair will start moving towards southward.

High impact News can affect the move of USD/CAD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI, Trade Balance.

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