A feasibility study of coherent differential absorption lidar is conducted using a 1.53-µm wavelength for simultaneously retrieving the water vapor density and wind speed profiles. We selected the ON and OFF wavelengths to be 1531.383 and 1531.555 nm, respectively, for minimizing the effect of the temperature change in the atmosphere. The systematic measurement error can be reduced to below 5% by stabilizing the ON wavelength from ${-64}$-64 to 102 MHz around the center of the water vapor absorption line. Analysis of the speckle and photon statistics errors reveal that the relative error of the water vapor density is less than 10% at the altitude from 0.1 to 1.7 km with the 100 m range resolution with 10 min data accumulation time. The simultaneous measurement of wind speed and direction can also be achieved by employing a conical scan mechanism.