Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27.
The Canadian retail sales data released last Friday indicated a decline in consumer spending in January.
- Core Retail Sales m/m (Actual: -2.5%, Forecast: -2.1%, Previous: 1.1%)
- Retail Sales m/m (Actual: -1.8%, Forecast: -2.1%, Previous: 0.8% revised from 0.7%)
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD.
The Canadian retail sales data released last Friday indicated a decline in consumer spending in January.
- Core Retail Sales m/m (Actual: -2.5%, Forecast: -2.1%, Previous: 1.1%)
- Retail Sales m/m (Actual: -1.8%, Forecast: -2.1%, Previous: 0.8% revised from 0.7%)
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.