English
The Canadian dollar continues to decline after the release of inflation data
The USD / CAD falls continue after the release of inflation data in Canada, where the monthly CPI reading matched market expectations and slowed about 0.1% during the month of November, while the index reading of its base value stabilized on an annual basis at the rate of 1.7%, in line with market expectations .
It seems that the markets have priced the news of the Canadian inflation slowdown before the data was released, and therefore the data has positively affected the performance of the Canadian dollar and weighed on the movements of the pair, it was able to break the support that was testing at the range 1.3145 / 40, towards 1.3115 levels and if the pair managed to break those levels it will lead This was due to a drop towards 1.3100.
While the current resistance of the Canadian dollar stabilizes at the previous support range at 1.3145 / 40 followed by 1.3180 / 85.
