After the weekend, today in the US a lot of macroeconomic indicators and monthly reports are coming. At the moment the reserve currency, relative to the main pairs, continues to lose ground and the dollar index is near the mark of 92.61.
As for the Canadian dollar, today the weekly report of the Commodity Futures Trading Commission will be published. In general, this news will not lead to any significant fluctuations.
Based on technical indicators, we can assume that the price will continue its downward movement, so we will look for points to enter short positions.
Now the pair is near the psychological mark of 1.2700 and time is needed to overcome this level. We select points for entry just above this level - around the mark of 1.2720. Take-Profit is set near the mark of 1.2660.
