USD/CAD gained ground as Canada’s Retail Sales fell short of analyst estimates

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USD/CAD Tests Resistance At 1.4330 – 1.4350 As Retail Sales Miss Expectations

USD/CAD gained ground after the release of Retail Sales data from Canada. Retail Sales declined by -0.6% month-over-month in January, compared to analyst forecast of -0.4%.

A successful test of the resistance at 1.4330 – 1.4350 will push USD/CAD towards the next resistance level at 1.4485 – 1.4500.

USD/CAD 4h Chart

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