The USDCAD yesterday moved higher and moved into a swing area on the 4-hour chart between 1.36049 and 1.36269. In between sits the 61.8% retracement of the move down from the November 2023 high to the December 2023 low at 1.3623. That move to the upside failed and the price rotated back lower into the close.In trading today, buyers returned as traders position for the FOMC rate decision at 2 PM ET along with the Fed chair press conference at 2:30 PM. However, the high price stalled just ahead of the low of the aforementioned swing area at 1.36049, and the price backed off. The current price trades at 1.3577.What next?Resistances is pretty solid between the 1.36049 and 1.36269 level. On a mor
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