Overall, USD/CAD is trending upwards. Recently, USD/CAD bounced down from the key level of 1.27.
The Canadian retail sales data released yesterday indicated a decline in consumer spending in July as Canada was in the process of lifting restrictions.
Currently, USD/CAD is moving towards the support zone of 1.26100 and the next resistance zone is at 1.29000.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.26100.
The Canadian retail sales data released yesterday indicated a decline in consumer spending in July as Canada was in the process of lifting restrictions.
- Core Retail Sales m/m (Actual: -1.0%, Forecast: -1.5%, Previous: 4.8% revised from 4.7%)
- Retail Sales m/m (Actual: -0.6%, Forecast: -1.2%, Previous: 4.2%)
Currently, USD/CAD is moving towards the support zone of 1.26100 and the next resistance zone is at 1.29000.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.26100.
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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.