With disappointing NFP numbers I think USD short traders will not look forward to jump into short trades this week.
- USDCAD is approaching 1.0950 price. The price has acted as both support and resistance in the past for the pair. Traders will be watching this price closely.
- Swing traders can short this pair now and build their position on each rally,
- Stop loss will be around 1.1040 and TP target will be around 1.07 price area.
Wish you all a very happy trading week ahead.