USD/CAD is a chart to watch
USD/CAD has slowly been sliding lower after the pop on the Bank of Canada decision touched 1.2915.
Now, the decline is threatening a minor trendline from the September lows and through the mid-October low. Along with that, the 50% retracement of the rally over the past month is under pressure.
In the week ahead:
- Wed, Nov 15 - Wilkins speech
- Thurs, Nov 16 - ADP publishes its first ever Canadian employment report
- Fri, Nov 17 - CPI
