Sforex
Long

Loonie: Canada CPI is the central focus tomorrow.

FX:USDCAD   U.S. Dollar/Canadian Dollar
223 0 8
FOMC Minutes yesterday provided fuel for the rally of USDCAD             .

Some traders negatively still lean to SELL side, but I think the trend reversed two weeks ago with the break of long term descending trend line.

1.300 is a strong resistance and Kumo cloud also weight on price action.

But today USDCAD             officially breaks 1.300 and enters Kumo cloud.

A move above Kumo cloud will mark for a new life of USDCAD             after severe sell-off.

Tomorrow, the central focus is Canada CPI             .

If it's positive, I think USDCAD             will bounce back.

Otherwise, the rally will extend to 1.3300 even 1.3400

SMA100 is at 1.3400, and a minor resistance is 1.3300

In my opinion,I choose negative data, and 1.3300 for USDCAD             tomorrow.

----------------------------------------------
https://www.facebook.com/trackingforexsignals
https://twitter.com/SforexSolution
http://www.trackingforexsignals.com/
admin@trackingforexsignals.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out