According to the Stochastic Oscillator, the USD is over sold against the CAD, this most likely means that there will be a resistance and it will be bought again on a short term. On the other hand and fundamentally; the CPI m/m index will be announced at 15:30 GMT+03:00 pm. now if we look at the PPI m/m index that was announced yesterday, we will indicate that the CPI Actual will be greater than Forecast regarding the fact that the PPI Actual was greater too. Based on that, most likley, the USD will rise again against the CAD at 15:30 GMT +03:00 pm.   

USD will rise again at 15:30 GMT +03:00 pm!

Rammah Husami

Sep 14 2022

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