This week,with a lot of economic data from both USA +Canada, the trend of U/C will be confirmed.
The main economic data of Canada this week :
- Canada GDP on Monday
- Net Change in Employment + Unemployment Rate + Ivey PMI on Friday
However, this week has a lot of US economic data, and the question is what data the market chooses to react.
Currently, USDCAD reached two main I show on the chart.
In indicator, it also reached its support.
If you still believe in of USDCAD , this is time to BUY USDCAD again.
I will try to LONG USDCAD to catch up US economic data.