USD/CAD holds below 1.3900 on dovish Fed bets, eyes on US PMI data
USD/CAD trades with mild gains 1.3880 in Monday’s early European session. The uptick of the pair is bolstered by the risk-off sentiment. Traders expect one more 25 bps rate cut by the BoC in its September meeting.
BUY USDCAD now zone 0.38700-0.38500
↠ Stoploss 0.38300
→ Take Profit 1 0.39000
→ Take Profit 2 0.39700
USD/CAD trades with mild gains 1.3880 in Monday’s early European session. The uptick of the pair is bolstered by the risk-off sentiment. Traders expect one more 25 bps rate cut by the BoC in its September meeting.
BUY USDCAD now zone 0.38700-0.38500
↠ Stoploss 0.38300
→ Take Profit 1 0.39000
→ Take Profit 2 0.39700
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