Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
USD/CAD: 89 Moving Average acted as support
Information is not investment advice
The 89 Moving Average has acted as support, so the main trend remains bullish. Also, we've got a 'Hammer' pattern, which has been confirmed. There's no any reversal pattern so far, but it's likely to have a local correction towards the nearest support at 1.3265. If a pullback from this level happens next, bulls will probably try to reach another resistance at 1.3492.
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
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