USD/CAD trading just below a strong resistance level of 1.3270 and consolidates in a trading range of 1.3270 – 1.3170 as we can see in the trading chart given below. Volatility is still low, as traders await CB Consumer Confidence

Fundamentals:

USD: CB Consumer Confidence
Previous: 101.1
Forecast: 98.6

The drop in CB Consumer Confidence is likely to weaken USD, causing sell in USDCAD.

Technical Levels:

S 1.3093 1.3135 1.316
Pivot: 1.3201
R: 1.3243 1.3268 1.3309

Recommendation:
Good to Sell Below 1.3270
SL: 1.3280 TP: 1.3169

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