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.
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