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USD/CAD Signal - USD NFP - 5 Feb 2021

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Signal Details
Entry Price: 
1.28266
Take Profit: 
1.2860
Stop Loss: 
1.2790
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD is trending to the upside today prior to the USD NFP. Non Farm Payroll measures the increase of jobs in non-farming sectors. Technically the USDCAD is holding above the moving averages and has held above the 1.2805 pivot and a support / resistance 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.