Entered a buy position for NZDCAD at 0.8205.
Stop is set at 0.8145.
Selling CAD based on the Bank of Canada’s statement indicating the possibility of additional rate cuts if inflation continues to ease.
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Entered a short position on CAD/JPY at 105.91. Stop is set at 106.72. The Canadian employment data came in below expectations, triggering significant selling.
USD/JPY: Triangle Pattern Developing, Downward Correction Underway Current Trend The USD/JPY pair is undergoing a corrective decline at 142.37. Supported by macroeconomic statistics, the yen
U.S. Employment Report Release: Market on High Alert Amid Weak Related Indicators Today’s focus is on the U.S. August employment report, which is the most