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Instrument: USDCAD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 143.865 with take profit at 144.036
Bearish Preference:
A sell position is envisaged if price trades below price 143.284 with take profit at 143.080
Fundamentals:
3:00pm USD Existing Home Sales
7:00pm USD FOMC Economic Projections
USD FOMC Statement
USD Federal Funds Rate
7:30 pm USD FOMC Press Conference
Comment:
The U.S. dollar rose in early European trading Wednesday, climbing near a 20-year high as Russian President Vladimir Putin raised tensions over Ukraine, and traders awaited another substantial Federal Reserve interest rate hike. Russian President Vladimir Putin declared mobilization of the country’s 2 million strong military reserve in a recorded video address earlier Wednesday, confirming his intention to annex those parts of Ukraine currently under Russian occupation.
Analysis: SCRUM Team
