USDCAD TECHNICAL ANALYSIS SHORT TERM VIEW
It is running in positive trend and it is running in wave 3 so it can jump towards1.3228 levels non stop in 1 minute chart calculation .Overall trend reversal point is 1.2995 and it is stop loss for all buy positions . Intraday stop loss is 1.3090 and it can sharply jump for 1.3228 level.
QUICK FUNDAMENTAL LOOK
The US dollar was mixed against its major trading partners early Monday — up versus the euro and pound, down versus the yen and Canadian dollar — as markets prepare for an extremely busy week, with particular focus on the Federal Open Market Committee's rate decision Wednesday and the first look at the Bureau of Economic Analysis' estimate of economic growth for Q2 Thursday.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.