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USD / CAD: Possible rise of USD

USD / CAD: Daily chart – upward movement

The price coretion to levels of diagonal support

Price action: Pin bar on support near 200MA – a possible reversal of the price

indicators:
50 / 200MA: 50 over 200 – positive trend

DeM: rotates in zone of over-sold market – a positive signal

CCI (50): Rotates from zone of super sales – possible increase

SL: 1.30490

Sentiment: Today we expect FED interest rates decision as expectations are for an increase of 0.25 basis points which should support the dollar.

Alternative scenario: If the price crosses below 200MA it is possible to see a new bearish momentum.

Jr_Trader_I_Ivanov


 Varchev Traders


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