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ToniSignals

USD/CAD Signal - USD FOMC Minutes - 7 Jul 2021

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ToniSignals  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Gann USDCAD loonie Forex forexsignals forexsignal forexsignalservice forextrading
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trendanalysis chartpattern gann usdcad loonie forex forexsignals forexsignal forexsignalservice forextrading
USDCAD has bounced out off resistance prior to the FOMC Minutes, which reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. Technically the pair has bounced out of resistance forming a double top, and the RSI has given a sell signal. We anticipate downside into the 1.2395 level.
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