We have some reversals coming up. Two lots on this trade nice fib with 61.8 another orderblock forming.The Canadian dollar enjoyed a brief moment in the sun after the release of the December inflation data. It rallied sharply, then reversed course just as quickly. Inflation rose in December (actual Canada CPI 3.4% y/y, November 3.1%), which was not expected and suggested that the Bank of Canada would not be eager to cut rates in March. But it is not as simple as that. The BoC anticipated that inflation would fall slower and erratically but continue to decline. In addition, the Canadian economy would also be slowing, and economists still believe that those two factors will let the BoC cut rates in the spring