USD/CAD: Liquidation zone to sell
USD could to forming this market structure to note it. In case, we would make to sell U.S. Dollar against Canadian Dollar. But maybe, I expect that USD make a little up movement to $1.2843 CAD, also I put an alarm on $1.2840 CAD to being informed that USDCAD up, and then, we would need to hope a bearish candlestick group of confirmation to sell and entry in short in this trade
For reference: We have 2 news in USA about:
1) Consumer Price Index; measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
2) Initial Jobless Claims: measures the number of individuals who filed for unemployment insurance for the first time during the past week
But I hope a bad news about more in the Consumer Price Index as inflation take bad expectative in America.
Good luck in this trade.
For reference: We have 2 news in USA about:
1) Consumer Price Index; measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
2) Initial Jobless Claims: measures the number of individuals who filed for unemployment insurance for the first time during the past week
But I hope a bad news about more in the Consumer Price Index as inflation take bad expectative in America.
Good luck in this trade.
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