There is only one thing to keep in mind on this day, as explained in broad.
This is for the USD/CAD pair at the level of 1.3500. It’s not relevant to the technical level, so it’s not of great importance. But if nothing else, it can just draw the price action and sustain it until we get to trading in the US at least. The dollar is seeing some bounce today, so this is still a more important driver than the single factor above.
Next, it can also be said that there are some modestly sized expirations for EUR/USD between 1.1145 and even 1.1160. But they are unlikely to take into account much of the gameplay. The dollar side of the equation remains the side that is influencing things currently and we will also get French and Spanish inflation data to add to the mix later. These will be the most important factors in play at the moment.
For more information on how this data is used, you can refer to this post here.
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