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USD/CAD Signal - USD Retail Sales - 15 May 2020

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Signal Details
Entry Price: 
1.4040
Take Profit: 
1.3982
Stop Loss: 
1.4075
Direction: 
Sell
How we trade
Average: 5 (4 votes)

The USD is weakening against the Canadian Dollar prior to USD Retail sales. USD retail sales reflect consumer spending trends, and provide an indication to the overall health of the economy. USD/CAD is currently trading at 1.4040 and we anticipate further weakness into the 1.4982 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.