- US Retail Sales.
USA is main export destination of Canada industrial sector, if US Retail Sales is positive, it will reinforce for the rally of USDCAD .
I wait the confirmation signal. If U/C breaks two I show on the chart, plus positive US Retail Sales, I will reopen LONG position of USDCAD to 1.12 level.
1.12 level is a strong resistance level: It is 50% Fib retracement on the WEEKLY chart, I don't expect USDCAD breaks this level next weeks, I wait market provide more catalyst.
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