USDCAD- 07Feb2022
On the daily, price closed higher last Friday after Canada employment and PMI data reported lower than expected. USDCAD could have closed higher if the oil price is not currently at its all time highs.
On the H4, price was not able to bounce above previous highs. Overall price action is mixed and we need to wait out for further directional bias.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price closed higher last Friday after Canada employment and PMI data reported lower than expected. USDCAD could have closed higher if the oil price is not currently at its all time highs.
On the H4, price was not able to bounce above previous highs. Overall price action is mixed and we need to wait out for further directional bias.
This is for personal record purposes only, not financial advise or solicitation of trade.
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