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USD/CAD retreats from 1.3320

FXStreet (Edinburgh) - The US dollar remains bid against its Canadian peer on Wednesday, with USD/CAD meandering the upper band of the range near 1.3300 the figure.

USD/CAD firmer on data

The pair’s upside has been renewed following disappointing figures from the Canadian Retail Sales during last month, coming in below previous estimates. The up moved seems to have run out of legs in the 1.3320 area, receding to the current 1.3290 region.

Next of relevance in the pair will be the speech by Atlanta Fed D.Lockhart, followed by tomorrow’s Initial Claims, Durable Goods Orders and the speech by Chariwoman J.Yellen.

USD/CAD levels to consider

The pair is now up 0.11% at 1.3288 with the next hurdle at 1.3297 (high Sep.23) followed by 1.3310 (high Sep.11). On the other hand, a breach of 1.3216 (low Sep.22) would expose 1.3160 (low Sep.16) would and then 1.3074 (low Sep.17).

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