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
Buying USDCAD if Canadian Retail Sales M/M data is less than 0.2%.
Trading Live: Using Guerrilla Trader.
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