Buyers in the USDCAD took the price above a swing area between 1.3564 and 1.3585 after weaker Canadian retail sales. The buyers are making a play and potentially looking toward the extremes from April and May as the next key targets. If the price can stay above the aforementioned swing area that hope remains real.
USDCAD moves higher after Canadian retail sales. What are the charts telling traders now?
- Core retail sales weaker than expectations
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