Instrument: USDCAD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.32936 with take profit at 1.33037
Bearish Preference:
A sell position is envisaged if the price trades below 1.32806 with take profit at 1.32683.
Fundamentals:
1:30pm
USD Core PPI m/m
USD PPI m/m
7:00pm
USD FOMC Economic Projections
USD FOMC Statement
USD Federal Funds Rate
7:30pm
USD FOMC Press Conference
Comment:
The dollar hovered around multi-week lows on Asian Wednesday, after unexpectedly soft U.S. inflation data cemented the view that the Federal Reserve will not raise interest rates later in the day.
Analysis: SCRUM Team