Fundamentals:- After the Canadian data slipping for CPI last week the much gained CAD took a turn. WTI Light Crude which also links to the value of the CAD seems to be taking a bit of a down turn. With the US expected to continue on it’s rate hike cycle then we should see this currency pair reverse and test previous resistance levels.
Techncials:- After the head and shoulders breakout last week we are now expecting the reversal. Already making headway we would like to see a pullback to the pyscological number of 12700 were there has been previous resistance that should give enough space to reach the resistance level with a decent risk reward ratio. take the 1 month free trial at boafx trading signal solutions and get all the info you need to make winning trades everyday.