The pair is very balanced since yesterday and event the price of the oil wasn't able to take it out for long. Looks like the Canadian economy is not that strong to dip USD for long. Waiting for 15:30 news today to see what is Canadian GDP for March says. Looks like it won't be another significant jump as February. 3.3% and below means jump for the USD.
This pair looks well balanced for today until the news for CAD arrive
- Canada Core Consumer Price Index (CPI) MoM
The forecast pretty positive for Canada so the loonie will jump up and going short is not bad idea. Setting order on 1.3353 for short and waiting for the drop.