View full page at forexfactory.com

 

USD/CAD Price Analysis: Cushion around 1.3700 looks delicate ahead of Canada CPI and Fed policy

From fxstreet.com

The USD/CAD pair has found a cushion around 1.3700 after a marginal correction in the Asian session. The Loonie asset is showing an expression of volatility contraction as investors are awaiting the release of Canada’s Consumer Price Index (CPI) data and the interest rate decision by the Federal Reserve (Fed), which will release on Tuesday and Wednesday respectively. The option for an unchanged monetary policy decision by the Federal Reserve (Fed) is gaining the limelight as banking shakedown in the United States has impacted the confidence of investors dramatically. Meanwhile, the US Dollar Index (DXY) has corrected ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis