Long the USDCAD as the DXY attempts to move higher following Powell’s comments yesterday

A very bullish candle above its Asian session low set up a long trade in the USDCAD risking 10 pips for a potential 75 pips to our daily target at 1.3455. An hour before the U.S. session overlap often sees a retracement or profit taking. The USDCAD had been very quiet in the U.K. session […]