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03.04.202004:17 Forex Analysis & Reviews: USD/CAD Price Movement during US nonfarm payrolls release on April 03, 2020

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Since the Covid-19 outbreak in the US, an unemployment rate is set to increase in the largest global economy. From the technical viewpoint, we see that USD/CAD is trading under a Market Maker Sell Model. Now the loonie tries to test the nearest liquidity pool at 1.4008. If the momentum is strong, the odds are that the pair will reach 1.3921 as long as USD/CAD does not retrace upwards above 1.4349. Then, USD/CAD is likely to go down and break the Liquidity pool in full.

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