kahmotche

how to trade USDCAD on US Core CPI

FX:USDCAD   U.S. Dollar / Canadian Dollar
118 1 1
how to trade USDCAD             on Core CPI             :
I'm still with the upward trend . But I prefer to stand aside now .Those who did not buy from the bottom .
and i move my position to breakeven 1.0645 .Now we must wait for the trend line break in blue or break 1.0775
target will be 1.0870 and 1.0950 . bearish below 1.0730 target will be 1.0700 and break 1.0700 target will be 1.0620/40

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my guess is CPI will come in hotter this morning as prices for the consumer continue to rise. CPI is a metric the FED watches closer than unemployment and the market is speculating that a more hawkish tone exists. Will see, nice chart!
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