The currency pair went upwards on Tuesday but changed its direction after testing the resistance at 1,3214. USD/CAD has broken down the support at 1,3181 and stays below this level in the moment of writing.

Closest support areas: 1,3150, 1,3116, 1,3076

Closest resistance areas: 1,3181, 1,3214, 1,3256

Macroeconomic data

CAD

CPI m/m

Common CPI y/y

Median CPI y/y

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USD

Goods Trade Balance

Prelim Wholesale Inventories m/m

Fed Chair Powell Testifies

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Pending Home Sales m/m