Today News: USD/CAD [25 Oct 2021] -FXsources

 


Teases key Fibonacci retracement level
below 1.2500

 USD/CAD remains sidelined around 1.2370 flirting with the 61.8 Fibonacci retracement (Fibo.) of June-  August upside during Monday’s Asian session.  


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USD/CAD Drop Supported by Crude Oil, Will BoC Disappoint?

The Canadian Dollar’s strength in recent days slowedheading into the final full trading week of October.
Still, that leaves it around its average most expensive price

 


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Breakout could occur

The USD/CAD currency pair bounced off a support level at 1.2293 on
Thursday. As a result the US Dollar edged higher by 82 pips or 0.67%


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Retail Sales rise by 2.1% in August vs. 2% expected

Retail Sales in Canada rose by 2.1% on a monthly basis in August, the data   published by Statistics Canada showed on Friday. This reading followed July's contraction of 0.6%


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