FX:USDCAD U.S. Dollar/Canadian Dollar
This trade was entered after weak retail sales data for the loonie and a potential reversal in USDOLLAR selling. Look to Jackson Hole meeting Aug. 26th for more guidance from the FED on whether or not to raise interest rates this year. Raising rates would be considered for the USDOLLAR while doing nothing could be considered . Also be aware of oil prices and the negative correlation on this pair. Key levels of SUPPORT are 1.2763, 1.2653. Key levels of RESISTANCE are 1.2861, 1.3252, 1.3307. As of 7/19.