The USD/CAD has extended its gains on Thursday morning in Asia ahead of the US CPI data report. According to analysts at the trade world market, The US core inflation is expected to slow down after the aggressive stance from the Federal Reserve. If the reading comes out lower than the previous month then we may see a correction in the dollar. Analyzing the hourly chart, the pair is trading with a neutral to a slightly bullish bias. The rate is trading above the 50-day exponential moving average and we can expect high volatility during the reporting hours.
Important pivots to consider in daily timeframe
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 1.3502 | 1.3520 | 1.3535 | 1.3553 | 1.3568 | 1.3586 | 1.3601 |
| Fibonacci | 1.3520 | 1.3533 | 1.3540 | 1.3553 | 1.3566 | 1.3573 | 1.3586 |
| Camarilla | 1.3541 | 1.3544 | 1.3547 | 1.3553 | 1.3553 | 1.3556 | 1.3559 |
| Woodie’s | 1.3500 | 1.3519 | 1.3533 | 1.3552 | 1.3566 | 1.3585 | 1.3599 |
| DeMark’s | – | – | 1.3544 | 1.3558 | 1.3577 | – |
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