USDCAD LONG SETUP BEFORE FOMC + OPEC

5 Tem 2023

On USDCAD, we have a bullish setup with the price retracing to the 1.3226 area, touching a minor demand within the main demand zone. I have used this level as a possible entry zone with a target at 1.33. With the upcoming OPEC and FOMC events, the dollar could potentially have a bullish push this morning, considering also the DXI, which appears to have a bullish trend. It would be fantastic if you could share your opinion and give a like to support our work. Greetings and have a good day of trading from Nicola, CEO of Forex48 Trading Academy.