FOMC rate meeting is unlikely to deter USDCAD buyers

3일 전

In October 2024, USDCAD triggered a complex inverse head-and-shoulders pattern forming for 747 days. This pattern suggests a potential move of 777 pips to the upside, with the pair still roughly 375 pips away from the 1.4672 target.

In the short term, if the price dips but holds above last Thursday's low of 1.4130, buyers will likely step in and push the price higher.

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