- Canada GDP contracted to -0.1%
- The appetite for safe haven currency: Greenback.
Look at on the chart:
- USDCAD broke three main resistance:
+ Kumo cloud ( Move above the cloud)
+ Brearish .
Catalyst from both Fundamental and contruct the view for USDCAD , I think this trend should be continue.
No major Canada data this week, while we still wait more US data: ADP report, ISM PMI, + Payrolls before the Independence Day: I KEEP BIAS FOR USDCAD .