Fundamental View :
-Canadian raise the interest from 0.50 % to 0.75 % for the first time in 7 years . It bring a huge impact to the others currency
pair especially USD.
- Disappointment CPI data bring the USD/CAD to the lowest level 1.26500 (Weekly Support Level)
Personal fundamental perceptive : In the coming Friday is the Canadian Core CPI , personal perspective in Canadian economic data still remain
stable
Technical perceptive : CAD dollar index already overbought inverse Dollar index is oversold.Selling of dollar not too strong compare to previous candles.what i expect a pull back in between 1.26 ~1.265. Target profit must be realistic due to the momentum still remain bearish
Trade Safe
-Canadian raise the interest from 0.50 % to 0.75 % for the first time in 7 years . It bring a huge impact to the others currency
pair especially USD.
- Disappointment CPI data bring the USD/CAD to the lowest level 1.26500 (Weekly Support Level)
Personal fundamental perceptive : In the coming Friday is the Canadian Core CPI , personal perspective in Canadian economic data still remain
stable
Technical perceptive : CAD dollar index already overbought inverse Dollar index is oversold.Selling of dollar not too strong compare to previous candles.what i expect a pull back in between 1.26 ~1.265. Target profit must be realistic due to the momentum still remain bearish
Trade Safe