USD / CAD continues to grow. Statistics Canada last Friday reported that the unemployment rate in the current period was 5.8%, while the number of employees increased to 66.8K. Both indicators are a barometer of the number of unemployed and employed in the civilian labor force. This is a leading indicator for the Canadian economy. Rising unemployment indicates a lack of growth in the Canadian labor market.
Tomorrow will be the speech of the US Federal Reserve Chairman J. Powell.
As of the morning, February 11, the price mark for the USD / CAD currency pair is trading in the range of 1.3276 - 1.3286. We consider purchases, as the global growth phase is technically observed. The signal to enter the market will be breaking through the resistance level of 1.3326.
Tomorrow will be the speech of the US Federal Reserve Chairman J. Powell.
As of the morning, February 11, the price mark for the USD / CAD currency pair is trading in the range of 1.3276 - 1.3286. We consider purchases, as the global growth phase is technically observed. The signal to enter the market will be breaking through the resistance level of 1.3326.