USD/CAD will suffer a correction before Going Up for FX:USDCAD by jamdejam

USD/CAD will suffer a correction before Going Up


✅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 :…

FOMC FED – Yahoo

Link :…

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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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