Before Canadian CPI comes out we can assess the current technical and fundamental standing of various counterparts. CPI data is important as it gives a larger indication of where Central Banks will sit on the next decisions they make about rates.
CAD has lost value VS other currencies for a considerable amount of time as they have taken a dovish approach in a quicker format.
This has dragged various CAD pairs to new areas of entry/exit, which we can look at now.
GPBCAD, EURCAD, USDCAD all shown.