Buy USDCAD at daily 38% fibo, confluence with 200EMA

Long

U.S. Dollar / Canadian Dollar (FX_IDC:USDCAD)

Updated

FX_IDC:USDCAD U.S. Dollar / Canadian Dollar

If there is no change in fundamental, USD will keep its strength. Right now looks like buyers are taking profit ahead of FOMC, giving good possibility to buy afterwards.

Comment:

With sentiment risk on after FOMC reaction, I will now wait for buy signal around 61% - 78% fibo

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