USDCAD is dropping below the 1.3325 trend line I’ve mentioned recently.
Today’s Consumer Price Index (CPI) numbers came in just under forecast, helping support the rally from stocks.
It’s also triggered another down day for the US Dollar Index (DXY).
As for USDCAD, the pair is trading below the 1.3325 November trend line.
The post Usdcad Scenarios to Watch Ahead of Wednesday’s FOMC appeared first on Daily Price Action.
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