FXStreet — The canadian Dollar on Friday against the Dollar to prevail, and so was the USD/CAD day-to-day deep in the vicinity of the 1,3550 before a recovery to 1,3585/90 came.
USD/CAD remains with data loss
The Pair accelerated its decline after the the CPI of Canada, with 1.6 % less than expected at 1.7 % (yoy) increased, while earnings on a monthly basis is 0.4%. Further data show that the core prices of the Bank of Canada remained on a monthly basis, unchanged year-on-year increase of 1.1 %.
Retail sales rose in March on a monthly basis by 0.7%, which is more than expected, and excluding the auto sector, a decline of -0.2%.
USD/CAD technical levels
Currently, the daily loss -0,12% 1,3786 and the next supports is at 1,3554 (Deep 19. May), 1,3508 (50 % Fibo of the April to may rally) and 1,3480 (55-day SMA). On the other hand, Resistances can be found at 1,3649 (20-day SMA), 1,3659 (Fibo 23.6% on the April-to-may rally) and 1,3671 (High 18. May).
** FXStreet News Editorial, FXStreet**