USDCAD neutral

The US and Canadian labor market signals worked great again! What will be the next move?

09 August 2022 152
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Last Friday the labor market dynamics signal from the U.S. and Canada showed another one quick and impressive result, namely, the USDCAD pair increased by 0.37% in 15 minutes.


 * Time zone GMT + 2

 

 

Today the pair is close to the support of 1.285.

 

 

If the U.S. Core Consumer Price Index decreases tomorrow, the pair will probably fall to the next support at 1.265.

In the case of the indicator growth, the growth to the resistance of 1.305 is possible.

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