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EURCAD Nose Dives After Upbeat Canadian Data -

Apr, 08th 13:22

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The Canada’s Labour Force Survey for March released today reported that unemployment rate was down by 0.2 percentage point to 7.1%. The country’s employment in the first quarter rose for the fourth consecutive quarter with 0.2% employment growth. The satisfactory signals from the labour market is boosting the Canada dollar higher against the Euro. The pair is pointing to the lower bar from the high of 1.50179. The RSI (14) has already dipped in the oversold zone. Therefore, a correction is expected soon.

Buy Digital Call Option at 1.48383, Buy Digital Put Option at 1.47600.

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