USDCAD: CPI Day Setup | Shorting Resistance Levels.

USDCAD CPI Day Analysis:

Today Canada will release CPI (Consumer Price Index):

CPI m/m forecast: 0.0% (prev. 0.3%)
Median CPI y/y: 3.1% (prev. 3.1%)
Trimmed CPI y/y: 3.0% (prev. 3.0%)

📌 If CPI prints higher than expected → CAD strengthens → USDCAD bearish continuation.
📌 If CPI prints weaker → CAD weakens → USDCAD may spike higher.

🔎 Technical Setup

Resistance levels: 1.3760 & 1.3780 (Short zone)

Stop-loss: Above resistance zone

Targets:
🎯 TP1 → 1.3740
🎯 TP2 → 1.3720

Trend remains bearish while below 1.3780, supported by USD weakness.

✅ Trading Plan

I am looking for short opportunities near 1.3760 – 1.3780 with tight risk management.
Fundamentals + Technicals both favor CAD strength if CPI comes strong.
⚠️ Reminder: Always use proper risk management. This is my personal analysis, not financial advice.
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Regards: Forex Insights Pro.
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