USD/CAD is a touch lower since the data, which is at a six month high. Last at 1.0648. It’s a lower-tier indicator but it’s slowly gaining traction in the market.
Coming into today USD/CAD had fallen in 8 of 10 days but there are signs the pair is oversold with the RSI below 22. Canadian traders were off on holiday yesterday and they’re fading yesterday’s fall.
