USDCAD TECHNICAL ANALYSIS SHORT TERM VIEW
It is running in positive trend and it is running in wave 3 so it can jump towards 1.3982 levels non stop .Important support1.32323 to 1.35208 level as shown in graph. It is on positive side as running above support and can rally towards 1.3982 levels .Intraday or positional buying trades can be taken with stop loss 1.29950 for upside direction.Usdcad can sharply jump upwards to achieve our targets.
QUICK FUNDAMENTAL LOOK
Canadian dollar retreats from 9-month high as inflation cools.Canadian dollar weakens 0.2% against the greenback
Touches nine-month high at 1.3117
Canada's annual inflation rate slows to 3.4%
Canada-U.S. 2-year spread narrows by 10.2 basis points