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 , and there is divergence between price and +
If data is negative, USDCAD soars, on the other hand, USDCAD will break the and move lower to nearest support at 1.2860
In my opinion, I choose negative data.