arongroups

The US dollar weakened after the unemployment rate rose

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar

✏️USD/CAD fell on increased speculation of an interest rate cut in the first half of 2024, following the release of weak employment figures.❌

🧨By examining the trend in the daily time frame, USD/CAD, after breaking the bullish angle pattern and pullback to it, now having a resistance range in the range of 1.3523-1.3504, can decrease to the 161.8% Fibo support at 1.3339.⚔️

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