USDCAD Analysis

Daily Market Analysis 21.09.2022: USDCAD

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
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

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

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