The short term view shows a technical short term charge or potential for another at least 70 pips towards next upper resistance. Target 1.08 at least and maybe a bit more.
The expectations for Canadian Core CPI are negative and 13 hours to go from now on until the release. Normally the market prices in towards the expectations and when the expectations become true it pushes much more. So therefore I think it would be profitable to go long on AUD/CAD and USD/CAD until the release.
There is potential for short-term uptrend in consideration of the bullish divergence on the MACD. The red horizontal resistance levels would decide further movements. But for now market is bullish.
Range of volatility is expected today 10610 and 10640 from the bottom from the top 10610 break to go down to the level of price support level of 10580 and 10550, and the strong support around 10520 10640 penetrate the price goes to the level of the resistance level of 10670 then 10700 and 10730 strong level