USDCAD ANALYSIS ON H4 CHART.
Overall, USD/CAD is trending downwards.
The Canadian retail sales data will be released later at 2130 (GMT+8).
Core Retail Sales m/m (Forecast: 1.1%, Previous: 1.3%)
Retail Sales m/m (Forecast: 1.2%, Previous: 1.6%)
Currently, USD/CAD is testing to break above the key level of 1.25. Its next support zone is at 1.24500 and its next resistance zone is at 1.26100.
Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.25.
The Canadian retail sales data will be released later at 2130 (GMT+8).
Core Retail Sales m/m (Forecast: 1.1%, Previous: 1.3%)
Retail Sales m/m (Forecast: 1.2%, Previous: 1.6%)
Currently, USD/CAD is testing to break above the key level of 1.25. Its next support zone is at 1.24500 and its next resistance zone is at 1.26100.
Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.25.
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