USD/CAD Outlook (23rd August 2019)

Overall, USD/CAD is trending upwards. Recently, USD/CAD has been ranging across.

The Canadian Retail Sales m/m data will be released tonight at 2030 (SGT).

• Core Retail Sales m/m (Forecast: -0.1%, Previous: -0.3%)
  
• Retail Sales m/m (Forecast: -0.3%, Previous -0.1%)
  

The G7 meetings will be starting tomorrow. Central bankers from the G7 nations may make important comments and statements.

Currently, USD/CAD is testing the resistance level of 1.33300. The next support level is at 1.31800.