USDCAD Forecast | Falling retail sales bullish for USDCAD | IFCM

Technical Analysis USDCAD : 2019-10-22

Falling retail sales bullish for USDCAD

Retail sales in Canada decreased in August when a growth was expected. Will the USDCAD decline?

USDCAD rising toward MA(200)

The price chart on 1-hour timeframe shows USDCAD: H1 is in uptrend. The price is rising toward the 200-period moving average MA(200) which is falling. The RSI oscillator is falling but is above 50 level.

Technical Analysis Summary

Buy stop Above 1.3122
Stop lossBelow 1.3102

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