USDCAD: USD strength has been signaled By the FED
Fundamental Commentary:
Wednesday's meeting by the FED has proved true that the FED is making a new monetary policy shift to normalize sooner than later, to reducing the size of the balance sheet ; and, this action that will send yields higher . This has brought strength into the USD. Thus, USD with strength being signaled, I a positive the USD in the medium-term for another quarter or two.
Technical Commentary:
Big rally in the dollar.
pullback to support
horizontal and fib support confluence
Wednesday's meeting by the FED has proved true that the FED is making a new monetary policy shift to normalize sooner than later, to reducing the size of the balance sheet ; and, this action that will send yields higher . This has brought strength into the USD. Thus, USD with strength being signaled, I a positive the USD in the medium-term for another quarter or two.
Technical Commentary:
Big rally in the dollar.
pullback to support
horizontal and fib support confluence
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