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
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
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.