Reviewing the USD / CAD in a
candlestick chart with a weekly time frame, I see a Bearish Divergence.
Also the U.S. dollar is
finding the 50% level of Fibonaci Retracements (from 0.9973 to 0.9444) a strong
resistance.
On the other hand, the rest
of the week will be announced several economic data in both the U.S. and Canada , so we must remain
especially vigilant following news:
By U.S.
Existing Home Sales May 19 at 9:00 am
Existing Home Sales May 19 at 9:00 am
For Canada
CORE CPI on May 20 at 6:00 pm
and
CORE Retail Sales May 20 at
7:30 am
Schedules are GMT - 6:00