The worse than the expected Retail Sales has the USDCAD moving modeatly to the upside. The next key upside target for the pair comes in at the 0.9921-23 area where the 38.2% of weeks move down is found along with the 100 hour MA (blue line). The 0.9900-0.9904 where the 100 and 200 bar MA on the 5 minute chart is found, will now be eyed as support. Hold above and it keeps the buyers interest. Move back below and it is likely to disappoint the buyers on the data release.
