USD/CAD Pre Employment Data – Where To Next?

Tom Stewarton 18/11/2021|
1 min read

USD/CAD is pressing to the upside now, and has just broken the recent daily highs. I’m anticipating a sustained move into the highs lying around the 1.2750 level, which correlates with the fibonacci 61.8% extension level.

The CAD ADP Employment Change data is scheduled for later today, and the previous data showed a 9.6K rise of people employed in Canada.