USD/CAD Price Analysis: Overview before US Inflation Data
Thursday, 11 July 2024, 07:37
USD/CAD Price Analysis
The USD/CAD pair is holding steady above the support level of 1.3600. This suggests a moment of indecision among traders before the upcoming US Inflation report.
Key Points:
- Trading Range: The currency pair remains within a tight range.
- Market Sentiment: Participants are cautious prior to the US Inflation release.
Conclusion: The USD/CAD pair is treading carefully above 1.3600 as investors brace for potential market volatility following the US Inflation data.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.