Overall, USD/CAD is trending upwards.
The Canadian retail sales data released yesterday indicated continued increase in consumer spending at a faster rate in October than in September.
Currently, USD/CAD is testing the support zone of 1.29000 and its next resistance zone is at 1.31500.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.29000.
The Canadian retail sales data released yesterday indicated continued increase in consumer spending at a faster rate in October than in September.
- Core Retail Sales m/m (Actual: 1.3%, Forecast: 1.6%, Previous: 0.2% revised from -0.2%)
- Retail Sales m/m (Actual: 1.6%, Forecast: 1.0%, Previous: -0.3% revised from -0.6%)
Currently, USD/CAD is testing the support zone of 1.29000 and its next resistance zone is at 1.31500.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.29000.
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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.