CAD

USDCAD Technical Analysis - Watch out for this reversal risk

• The USDCAD pair remains firmly bullish but there is a reversal risk.

The USD is moving higher vs. the CAD, AUD and NZD today and making some breaks technically

• What next for the USDCAD, AUDUSD and NZDUSD today?

USDCAD moves higher after Canadian retail sales. What are the charts telling traders now?

• Core retail sales weaker than expectations

June Canada retail sales +0.1% vs +0.0% expected

• Canadian June 2023 retail sales data and the July advance report

Canadian retail sales coming up next

• US PMIs coming up later

USDCAD Technical Analysis - Watch this key resistance

• The USDCAD is consolidating beneath the resistance awaiting a catalyst.

Canada July new housing price index -0.1% vs +0.1% prior

• New housing price data from Statistics Canada

Canadian home prices post second-largest increase ever

• Teranet house price index rose 1.8% m/m in July

The USDCAD finds seller's near retracement target. Will the sellers take charge now?

• The 61.8% retracement of the 2023 trading range stalled the rally today.

Canada July PPI -2.7% y/y vs -5.5% prior

• Canada July producer price index and raw materials price index

USDCAD Technical Analysis - The breakout of the trendline is a bullish sign

• The USDCAD breaks the trendline and rallies into the resistance.

TD like NZD/CAD a lot lower, could fall to 0.7670

RBC: USD/CAD Already at our 1.35 Q3 target; what's next?

• RBC analyzes the trajectory of USD/CAD, reaching their forecast of 1.35. Short-term uncertainty looms due to USD developments. RBC maintains a year-end target of 1.38, dependent on USD recovery. Global and US economic conditions will shape USD/CAD's direction. Keep an eye on broader trends and dynamics.

Canada wholesale trade for June -2.8% versus -4.2% expected

• Canada wholesale trade for June 2023

Canada July housing starts 255K vs 240K expected

• Canadian housing starts from the CMHC for July 2023