Canadian GDP Rises 0.0% In Oct, Core Retail Sales Up 0.0%, Buy USDCAD On Dips!

The Canadian Gross Domestic Product rose 0.0%, from -0.5% in the previous month, missing forecast 0.2% in the last month…

Core Retail Sales rose 0.0%, from -0.4% in the previous month, missing forecast 0.4% in the last month…

This development should support the US dollar against the Canadian dollar, immediate support comes at the 1.3850 levels, stability above this level will keep the bullish momentum intact, resistance comes at the 1.3945 levels, a break will accelerate the expected bullish move  and open the 1.4000 levels, further upside, resistance comes at the 1.4120 levels…Below 1.3850 faces a fall risk towards the 1.3740 levels…

Canadian GDP Rises

MARKET DATA

UPCOMING ECONOMIC EVENTS