USD/CAD Trend During US Trading Session

2月28日

USD/CAD news:

🔆USD/CAD rallied yesterday as Trump outlined clear tariffs including those on Canada and Mexico from March 4

🔆DXY maintained its third consecutive day of gains after the US Q/Q GDP was released as expected, indicating that the US economy remains solid after the tariff preparations

🔆However, on the technical side, the RSI (1H) indicator after entering the overbought zone has shown signs of divergence against the pair, so there will be a short-term correction before the main uptrend continues

Personal opinion:
🔆USD/CAD still maintains a strong upward momentum after the latest economic and financial news - the latest tariff policy has more influence on the strength of CAD.

Analysis:
🔆Based on important resistance - support and Fibonacci levels combined with EMA34 to come up with a suitable strategy

Plan:
🔆Price Zone Setup:

👉Buy USD/CAD 1.4420 – 1.4410
❌SL: 1.4390 | ✅TP: 1.4460 – 1.4500 – 1.4540

FM wishes you a successful trading day 💰💰💰

3月2日

交易進行

The plan is on track.
Achieved max profit of 60 pips, congratulations if you follow the FM plan