USD/CAD Price Action Primed for NFP, Canada Employment

Last week we questioned whether USDCAD had put in a near-term low at the 1.2415 key support zone- “this level is defined by a long-term 61.8% ext of the broader decline off the 2016 high and converges on a parallel support extending off the 9/21 swing low (red). Note that daily momentum is also...

USD/CAD Price Action Primed for NFP, Canada Employment