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USDCAD Holding 1.38 Handle Ahead Of Retail Sales

  • USDCAD has seen a foray back to a 1.38 handle, currently 1.8318 off a high of 1.383 at levels its struggled to maintain for much of this week both into and after Canadian CPI.
  • Canadian retail sales headline an otherwise light data docket for both the US and Canada.
  • Resistance is seen at 1.3898 (Oct 14 high) whilst support remains the 20-day EMA (1.3670) after only brief clearance yesterday.

Source: Bloomberg

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