USDCAD TECHNICAL ANALYSIS SHORT TERM VIEW
USDCAD is going on for wave 5 which have minimum target upside 1.3890 level positional
with overall stop loss 1.3512 level . 15 minute chart showing ABC pattern which have stop loss 1.3582 and minimum upside target 1.3755 level . Both calculation showing upside direction .Intraday purpose buying is better with stop loss 1.3512 expecting targets 1.3695,1.3705 and 1.3720 levels respectively .
QUICK FUNDAMENTAL LOOK
The USD/CAD pair consolidates its gains around 1.3680 during the early Asian session on Tuesday. The Greenback recovers some lost ground as traders await the Canadian Consumer Price Index (CPI) inflation data and US Retail Sales on Tuesday for fresh impetus. Also, Federal Reserve’s (Fed) Adriana Kugler is set to speak.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.