Falling wedge go long
Comment:
On Friday (21st April 3;30 pm(+2 GMT))the Canadian CPI reports is going to be released. The Consumer Price Index (CPI) released by the Statistics Canada is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of CAD is dragged down by inflation. The Bank of Canada aims at an inflation range (1%-3%). Generally speaking, a high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the CAD.The expectations for March’s inflation are 0,4%,February’s readings were 0,2%.If the expecations meet the announced data,open long positions on all of the cad traded currencies.We in Ruzey investment believe in this expectation even if the level stays the same there is going to be a positive impact on the value of the canadian dollar.