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USD/CAD Price Ranging Lower Before US NFP, Eying a Breakout

Started by forex4you, May 07, 2022, 08:21 am

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May 07, 2022, 08:21 am
USD/CAD Price Ranging Lower Before US NFP, Eying a Breakout

The USD/CAD pair could register sharp movement after the US NFP release. A new lower low may activate a larger drop. A valid breakout above 1.2901 could validate further growth. The USD/CAD price seems undecided in the short term. It moves somehow sideways. That's why we have to wait for strong confirmation before taking action. … Continued


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