USD/CAD Gains Support Near $1.3590 – Is It Worth Going Long? - Forex News by FX Leaders
USD/CAD Gains Support Near $1.3590 - Is It Worth Going Long?

USD/CAD Gains Support Near $1.3590 – Is It Worth Going Long?

Posted Wednesday, November 2, 2022 by
Skerdian Meta • 1 min read

The USD/CAD pair fell to find support near $1.3590, and the closing Doji candle indicates a weakness in the selling trend. As a result, there is a good opportunity to target $1.3620 or $1.3635 ahead of the US rate decision.

USD/CAD

Later in the day, the market will be extremely volatile due to the FOMC meeting, so we must use proper risk management before placing any bets in USD/CAD.

Today’s trading range is expected to be between 1.3500 support and 1.3660 resistance.

Today’s forecast: Bullish above $1.3590

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