Today’s Canadian CPI release comes right on the heels of the ECB’s ‘doom and gloom zero growth’ scenario for EUR. All we need is strong CPI data in Canada and that will put Europe and Canada on different interest rate paths and that’s the perfect recipe for a big move in the cross.
Current Technicals: Neutral – Sideways
Daily Support: 1.4955
38.2% Fibonacci: 1.4953
USDCAD DAILY CHART – Current Price 1.4979
Current Fundamentals: EUR Down, CAD Sideways
Central Bank Sentiment: Down
Geopolitical Impact: Down
Upcoming Potential Fundamental Drivers
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