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USD/CAD Signal - USD ADP Employment Change 3 Mar 2021

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Signal Details
Entry Price: 
1.2629
Take Profit: 
1.2575
Stop Loss: 
1.2700
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCAD is trending to the downside prior to the USD ADP Employment change, which is a measure of the change in the number of employed people in the US. Technically the pair has now broken below the moving average ribbon & we anticipate continued downside into the 1.2575 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.