USDCAD Reached target at 1.2500
USDCAD has reached the level predicted by our analysis yesterday. The level of 1.2500 from our analysis yesterday was reached and looks bearish traders took some profit out. This level was marked as the first target for all traders who took the opportunity to trade USDCAD after breaking the POC.
NFP new was the major driver today. Nonfarm Payrolls (NFP) in the US rose by 235,000 in August, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed July’s increase of 1.05 million but missed the market expectation of 750,000 by a wide margin.