Sforex
Long

LOONIE NEXT WEEK: MAINTAIN THE BID FOR GREENBACK.

FX:USDCAD   U.S. Dollar / Canadian Dollar
182 0 2
Canada economic data last month indeed is not good. Ivey PMI, labour market, and retail sales was also negative. While the main trade partner of Canda in North America is US is recovering very well from crisis, Canada economy seem doesn't receive support from US and the decline of Gold             and Oil             contributed to the loss of Loonie recent months. This week, with Housing market data, Ivey PMI, and employment report, I think Loonie has to fight to maintain the year high. In my opinion, I choose bullish view for USDCAD             .

USDCAD             now stops at year high : 1.1275

I don't encourage you buy USDCAD             at current price, it's too dangerous.

I will buy USDCAD             at 1.1000 or 1.1100 or 1.1060 I show on the chart.

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