[Breaking News] 07-Mar Thursday USDCAD Price Level Alert

USDCAD Chart
Merlion Global MT4 USDCAD Chart

USDCAD touched ↘️ a critical support level of 1.34844.

What happened lately?

🇨🇦 Canada Bank of Canada Policy Interest Rate unchanged at 5% compared to previous rate 5% Source: Bank of Canada
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in January dropped to 8.863M compared to previous figure 9.026M in December Source: Bureau of Labor Statistics
🇨🇦 Canada Ivey Purchasing Managers Index seasonal adjustment in February dropped to 53.9 compared to previous figure 56.5 in January
🇺🇸 U.S. Challenger Job Cuts in February rose to 84.638K compared to previous figure 82.307K in January
🇺🇸 U.S. Nonfarm Business Labor Productivity in Q4 unchanged at 3.2% compared to previous report in Q3. Source: Bureau of Labor Statistics
🇺🇸 In the week ending 02 March, Initial Unemployment Insurance Claims in U.S. was unchanged at 217K compared to previous figure 217K (revised from 215K) Source: Department of Labor

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