As reported by the President of the Chicago Federal Reserve Bank C. Evans:
In the event of further deterioration in the economy, the Fed will be ready to do more to support it;
I would be surprised if the Fed increased its rates to 2023, even if the rate of recovery was stronger than projected;
The regulator should not try to calibrate the excess inflation of the target level;
Base inflation should be accelerated to 2.5%;
The US economy needs more fiscal support.
USD/CAD, 30 min
Pivot: 1.3009
Analysis:
Provided that the currency pair is traded below 1.3025, follow the recommendations below:
Time frame: 30 min
Recommendation: short position
Entry point: 1.3009
Take Profit 1: 1.2985
Take Profit 2: 1.2970
Alternative scenario:
In case of breakout of the level 1.3025, follow the recommendations below:
Time frame: 30 min
Recommendation: long position
Entry point: 1.3025
Take Profit 1: 1.3040
Take Profit 2: 1.3055
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