Retail sales in Canada were a little weaker than expected. Meanwhile, U.S. durable goods orders were strong.
This combination helped push USDCAD higher (higher USD/lower CAD). Earlier, a support swing zone halted the fall after yesterday’s fall due to weaker US PMI flash data. Buyers down against support were rewarded after the data helped.
In this video, I examine the USDCAD pair from a technical perspective and outline risks and near targets for the future.
Know. Be ready. Find out in the video above…
cnbctv18-forexlive
