jamdejam

USD/CAD will suffer a correction before Going Up

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD will suffer a correction before Going Up

💹USD/CAD ⏬SELL

✅TP-1# 1.28200
✅TP-2# 1.27400


FOMC preview
- FED Seeks to downplay rate
- FED Is not expected to announce any major policy change

My Forecast : This Pair Will fall because the conditions are not met to start tapering this year

After Settling at a 1.2896 high, this pair requires a pause before going up


References :

DBS Bank
However, technical indicators and seasonality studies hint the pair may need a corrective decline before it finds fresh oxygen to challenge higher levels,
Benjamin Wong, Strategist at DBS Bank, reports
Link : www.fxstreet.co...nk-202109210643?utm_source...

FOMC FED - Yahoo
Link : finance.yahoo.com/ne...-2021-084520716.html




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BE VERY Careful this is FOMC WEEK 21 -22 September. The movement can be huge. Prepare your stop loss if we are in the wrong direction.


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