I am looking for weak Retail Sales numbers to match up with the current technical sentiment which indicates a buy on USDCAD. The current range on the CAD Retail Sales is 0.2% to 1.7%. We are looking for less than 0.2% for a decent move. If the result comes outside this range we should see a solid move to the upside.
The CAD Retail Sales is due at 12:30 pm GMT on May 22, 2019.
Current Technicals: Up
Hourly Resistance: 1.3508
Hourly Support: 1.3378
USDCAD HOURLY CHART – Current Price 1.3400
Current Fundamentals: Up
Central Bank Sentiment: Up
Geopolitical Impact: Neutral
Upcoming Potential Fundamental Drivers
Forex Trading Courses, workshops & funding opportunities
Join our Forex T4TCapital Trading Programme and let us run the risk!
Get Educated in your own time and learn how the bankers trade.
Our Complete Online Forex Trading Course is the ideal starting point for all traders, both beginners and veterans .
Make trading a full-time career
Our Fast Track Forex Trading Workshops will take you from the beginning to being a full time trader in 5 days.