Technical Analysis

Falls below 1.2800 The USDCAD has will below the 1.2800 level and in the process is moving closer to the October 1, 2018 low price of 1.27818. A move below that level would take the price to the lowest level since May 2018.   Drilling to the hourly chart,  the USDCAD is run lower after the better-than-expected employment report out
Major indices lower on the day. The US major indices close lower in last trading day of the month, but that did not subtract from the month’s solid performance: the Dow industrial average had its best monthly performance since January 1987 the S&P 500 and NASDAQ had their best months since April the S&P, NASDAQ, and Dow industrial
NZDUSD trades at highest level since June 2018 The price of AUDUSD and NZDUSD are moving to new session highs. The currencies seem to be cheering on a slowdown in Covid and hopes for vaccines solving the global problem. The NZD is also been helped after comments early this week that the RBNZ may look to house prices more in monetary policy