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USDCADdaily page 0012

 

The USD/CAD pair might continue to rise in the medium term, according to the daily and weekly charts. The RSI oscillator is above 50, and the MACD remains in positive territory on the daily chart. The RSI oscillator on the weekly chart stays above 50. The pair might rise around 1.3620 in the medium term.

December 19

Canada CPI  MoM (-0.4% expectation); ( +0.3% previous)

                      YoY   (+1.8% expectation); ( +2.4% previous)

FOMC rate decision (+2.5% expectation); ( +2.25% previous)

December 21

Canada GDP  MoM  (+0.2% expectation); ( -0.1% previous)

                        YoY   (+2.2% expectation);  ( +2.1% previous)

USDCADweekly page 0012

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