USDCAD dropping for the second consecutive day, after it rebounded at August 07 high at 1.33450. The U.S Dollar spiked overnight to 97.95 as the Italy Italy’s Prime Minister Giuseppe Conte announced his resignation on Tuesday. The Canadian Core Consumer Price Index (YoY) dropped to 2.0% vs 2.3% expected, whereas the Core Consumer Price Index (MoM) rose from 0.0% to 0.3%. The mixed data affected the USDCAD to drop around 40 pips to 1.32500 testing August 19 low. We could see that the pair held in the strong support near 1.32450 below the 200 Moving Average. Bears will wait to enter once the price tests the support at 1.32500 and retests the broken trendline and expects to drop till 1.32000. Upcoming are the Home Sales for the month of July, Job Reports and the Fed’s Chair Powell Speech. Today’s FOMC minutes is eyed for a fresh impulsive move.