USD/CAD Breakout at Danger into FOMC

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USD/CAD Breakout at Danger into FOMC

Canadian Greenback Technical Value Outlook: Close to-term Commerce RangesCanadian Dollar up to date technical commerce ranges – E


Canadian Greenback Technical Value Outlook: Close to-term Commerce Ranges

  • Canadian Dollar up to date technical commerce ranges – Each day & Intraday Charts
  • USD/CAD testing confluence resistance zone forward of FOMC
  • Concentrate on shut with respect to 1.3182/84 zone – constructive whereas above 1.3075

The Canadian Dollar is down greater than 1.9% towards the US Dollar because the January lows in USD/CAD with the current worth breakout now testing confluence resistance forward of tomorrow’s FOMC rate of interest choice. The quick advance could also be susceptible near-term if worth holds beneath this threshold on a each day shut foundation. These are the up to date targets and invalidation ranges that matter on the USD/CAD worth charts heading into the Fed. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Loonie commerce setup and extra.

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