the pair has been bounced with the bullish trend
, Currently the pair trading below the Daily Resistance level
@1.3379 with the lastest 4hr resistance @1.3390, The pair holding a bullish pattern
, we can see a short term sell before rally to test support @ 1.3320/1.3300 , However we keep a bullish
bias (targeting USDCAD
1.36 by year-end) in light of longer-lived negative factors persisting, as the housing market remains a drag on construction, and household consumption growth is limited by debt service ratios reaching a record high.”
keep eyeing on Fundamental data CPI
and Core Retail Sales Data.
Short term Sell
Good Luck !