USD/CAD Outlook (24 August 2020)

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#USD/CAD# USD/CAD Outlook (24 August 2020)

Overall, USD/CAD is trending downwards.

The Canadian retail sales m/m data released last Friday indicated an increase in consumer spending in June with the reopening of economies in Canada.

  • Core Retail Sales m/m (Actual: 15.7%, Forecast: 14.5%, Previous: 11.8% revised from 10.6%)
  • Retail Sales m/m (Actual: 23.7%, Forecast: 24.7%, Previous: 21.2% revised from 18.7%)

USD/CAD support zoneresistance zone
USD/CAD support zone

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