CAD (Current Account Deficit): Canada recorded a Current Account deficit of 17500 CAD millions in the Q1 of 2015 as reported by the Statistics Canada.Canada PPI MoM: Producer Prices in Canada posted a massive decline at -0.9% which is way below consensus at -0.1%. It was increased to 110.60 index points in March of 2015 from 110.30 index points in February of 2015.Glimpse on Technicals: (USD/CAD)Oscillating indicators suggest a massive uptrend on this pair.RSI (14) on weekly chart is trending at around 60 levels with positive convergence to the price line.Stochastic on the time frame is signaling uptrend with %K line crossover. (%K trending around 62.7866 & while %D at 37.6210).Pair is currently trading midway of Bollinger bands with upper one flash at 1.2866 and lower one at 1.1953.So, we believe CAD (Current Account deficit) restrains CAD (C$) from its recovery.

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