The currency pair developed its downtrend on Monday and has broken down the support at 1,3112. USD/CAD stays below this level in the moment of writing.

Closest support areas: 1,3075, 1,3050, 1,3022

Closest resistance areas: 1,3112, 1,3151, 1,3197

Macroeconomic data

CAD

Core Retail Sales m/m

Retail Sales m/m

BOC Business Outlook Survey

USD

Existing Home Sales

Richmond Manufacturing Index