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
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