The USD has been weaker recently after
poor economic data.
In contrast, Canadian data has been good and
now with the Canadian elections behind us,
we can expect more strength in the Loonie.
Today's retail sales could surprize to the upside
on the back of stronger employment conditions
and stronger wages recently.
Look to sell USDCAD between 1.3100 and 1.3120.
poor economic data.
In contrast, Canadian data has been good and
now with the Canadian elections behind us,
we can expect more strength in the Loonie.
Today's retail sales could surprize to the upside
on the back of stronger employment conditions
and stronger wages recently.
Look to sell USDCAD between 1.3100 and 1.3120.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.