USD/CAD: Possible new bullish impulse in the next few days.

The USD/CAD is barely unchanged ahead of the FOMC’s minutes release, though slightly tilted to the downside with losses of 0.05%. Traders worried that the Fed would raise rates further than expected, dampening the market mood during the last couple of weeks. At the time of this writing, the USD/CAD is trading at around 1.3539.

Following the breakout of a dynamic trendline, the price continues to rise from the last pullback on the uptrend scenario's dynamic trendline. The price may continue to grow in the next few hours and days.

Yorum: