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Mar 16, 2016 7:38 AM

USDCAD forecast Long

U.S. Dollar/Canadian DollarFXCM

Description

The long zone starts at the 1.3378 level. The potential targets can be the larger offer levels of Institutional Holders. These are the 1.3412, 1.3475 and the 1.3540 levels.
The short zone starts at the 1.3285 level. In this case he potential targets can be the larger bid levels of Institutional Holders. These are the 1.3250 and the 1.3205 levels.

Comment

Today's Macro data(s)

GTM 12:30 pm:
- CAD Manufacturing Sales m/m
- USD Building Permits
- USD CPI m/m
- Core CPI m/m

GTM 18:00 pm:
- USD Federal Funds Rate

Its bigger movement may affect the analysis.

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