Earlier today, Canadian Consumer Price Index (YoY) came in at +0.8% in December, missing expectations of a +1.2% growth. In addition, the Bank of Canada Consumer Price Index Core (YoY) faired little better in December, rising only +1.1% against projections calling for +1.4%. At the time of writing the price of crude oil has had a minor influence on the pair, falling to USD $95.65 Friday.
After breaching earlier calculated resistances at 1.0044 and 1.0062, Mataf.net analysts point to resistive means at 1.0089. Should the pair fall below the pivot point at 1.0017, supportive bastions will take hold at the respective levels of 0.9999, then 0.9972, and eventually 0.9954.
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