The Canada Employment Report is published by Statistics Canada and measures changes in the number of people employed in Canada. In general, an increase in this indicator has positive implications for the cost of costumer spending that stimulates economic growth. Therefore, a high forecast is considered positive of bullish for the Canadian dollar, while a low forecast is considered negative or bearish for the Canadian dollar.
The USDCAD pair is only bearish while trading below the 1.2300 level, further losses to the 1.3170 and 1.3100 levels remain likely.
If the USDCAD pair trades above the 1.2300 level, buyers are likely to test the 1.2440 and 1.2490 resistance levels.
That;s it for now, hope it'll help you to make decisions. Don't forget to like this article amd follow me for more useful information about market, also you'll get energy for giving like to articles that can be converted to FCOIN.
Happy Trading :)
#trading# #community# #technicalanalysis# #forexmarket# #ForexForecast# #USD/CAD# #FOMCMeetings# #FOMC# #FOMCMinutes# #FlashNews#
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()