Wednesday Market Analysis: USD/CAD

Hello Traders,

let’s hit them charts:

 

1. USD/CAD

Wednesday is an eventful day, filled with FOMC and CPI news events. That said, we could still profit before the news events occur

USD/CAD is currently at a key resistance zone, and if we do get the daily candlestick close as a gravestone doji or bearish pin bar, we may see price move 30 to 50 pips downwards

What say you?

 

Note: 

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