USD/CAD is getting hit hard after an upbeat Canadian retail sales report. The market had expected a more muted 0.5% gain than the 1.3% rise.
The greenback has fallen as low as 0.9919 from near 0.9965 before the data.
0.9955 is resistance on rebounds in USD/CAD near-term while first support is at 0.9895. 0.9835/40 trend lows are below that…
