USD/CAD Signal - Fed's Williams Speech - 01 Mar 2021

Signal Details

Entry Price:

1.27056

Take Profit:

1.26200

Stop Loss:

1.27800

Direction:

Sell

How we trade

The USD/CAD is trading to the downside today prior to Fed's William Speech. John C. Williams is the president of Federal Reserve Bank of New York. In this role, he serves on the Federal Open Market Committee, bringing the Fed’s Twelfth District’s perspective to monetary policy discussions in Washington. Technically, the pair is trading below the 50 moving average, and we anticipate further downside on the USD/CAD into the 1.26200 level.

Submitted by Toni H. on Mon, 01 Mar 2021 04:09:24 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

USD/CAD Signal - Fed's Williams Speech - 01 Mar 2021

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