FOMC is behind us and so far, USD bulls are disappointed because Ms Yellen didn't sound as hawkish as was hoped. Hence, USD is moving lower for now and USDCAD looks ready for a new low. I'm not looking to sell this pair but instead I would like to see how price reacts in the Area of interest (marked on the chart). I suspect we might bounce higher from there but how much, that I do not know. Hence, I'm staying to see what happens.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.