Overall, USD/CAD is trending upwards. Recently, USD/CAD broke the support zone of 1.23800.

The Canadian retail sales data will be released later at 2030 (GMT+8).

  • Core Retail Sales m/m (Forecast: -4.4%, Previous: 4.3%)
  • Retail Sales m/m (Forecast: -5.1%, Previous: 3.6%)

USD/CAD’s next support zone is at 1.22400 and the next resistance zone is at 1.23800.
Look for short-term selling opportunities of USD/CAD if it breaks below the key level of 1.23.

Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!


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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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