USDCAD: back toward 1.31

Canadian CPI prints at -0.2%, missing expectations of -0.1%. Core CPI was also weak at 0.2% vs. 0.3% eyed.

The break of 1.305 level, USDCAD has established Inverted Head & Shoulders pattern, hold 1.298 zone could targets 1.321, If the candle closes above 1.324 the 1.332 level will be next target.

cad target