Sforex

Loonie: Canada CPI in the spotlight : I expect negative data

Pembelian
FX:USDCAD   Dollar A.S. / Dollar Kanada
2
Canada CPI is the last important data this week.

Many traders is pricing for weaker Loonie, and energy price also doesn't support for Loonie.

We have two options on the table:

- Negative data
- Positive data.

USDCAD test the ascending trend line , and there is divergence between price and Stoch + RSI

If data is negative, USDCAD soars, on the other hand, USDCAD will break the trend line and move lower to nearest support at 1.2860

In my opinion, I choose negative data.

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