There is just one to take note of, as highlighted in bold.
That being the expiries for USD/CAD around 1.3535-50 near the current levels. That could help to keep price action more limited in the session ahead. However, I’d be more wary of the 100-day moving average at 1.3257 for the pair as buyers are looking to hold a break above that today.
Additionally, I would argue that broader market sentiment i.e. risk and bond market mood are the two stronger driving forces in the market right now before we get to the weekend.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com.
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