Sforex
Long

Loonie: Canada CPI in the spotlight : I expect negative data

FX:USDCAD   U.S. Dollar/Canadian Dollar
148 0 2
Canada CPI             is the last important data this week.

Many traders is pricing for weaker Loonie, and energy price also doesn't support for Loonie.

We have two options on the table:

- Negative data
- Positive data.

USDCAD             test the ascending trend line , and there is divergence between price and Stoch + RSI

If data is negative, USDCAD             soars, on the other hand, USDCAD             will break the trend line and move lower to nearest support at 1.2860

In my opinion, I choose negative data.
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