ChadBilon
Short

USD/CAD_ Bearish

FX:USDCAD   U.S. Dollar/Canadian Dollar
The USDCAD             had been trending down for some time now and the resent economic data in favor of CAD today has put the pair further to the down side.

07:30 CAD Core CPI             (MoM) (Mar) 0.7% 0.3% 0.5%
07:30 CAD Core CPI             (YoY) (Mar) 2.1% 1.7% 1.9%
07:30 CAD Core Retail Sales (MoM) (Feb) 0.2% -0.5% 1.3%
07:30 CAD CPI             (MoM) (Mar) 0.6% 0.6% 0.2%
07:30 CAD Retail Sales (MoM) (Feb) 0.4% -0.8% 2.0%
08:45 USD Manufacturing PMI ( Apr             ) 50.8 52.0 51.5

Strategy:
-Price action has briefly enters the last support zone look to turn resistance "1".
-RSI broken the 50_line and is now making a retest. "2"
-SSD looks overbought a cross should signal a short entry. "3"
-Profit taking should be around the last support. "4"
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