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USD/CAD Signal - USD Fed Chair Powell Speech - 10 Feb 2021

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Signal Details
Entry Price: 
1.2699
Take Profit: 
1.2620
Stop Loss: 
1.2770
Direction: 
Sell
How we trade
Average: 3.2 (5 votes)

USDCAD is trending to the downside today prior to the USD Fed Chair Powell Speech later today, which will likely provide further insight into the US economic future. Technically the pair is below the moving averages and the 1.2735 pivot level. We anticipate continued downside into the 1.2620 level.

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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.