USD/CAD Price Analysis: Gauges cushion around 1.3700 as USD Index eyes more gains USDCAD BOC DollarIndex PMI RetailSales
. The major slipped firmly on late Friday after the release of a jump in the Canadian Retail Sales data.
On an hourly scale, USD/CAD has corrected to near the demand zone placed in a narrow range of 1.3737-1.3746. The upside bias for the loonie asset is still solid as it is holding auction above the downward-sloping trendline plotted from March 10 high at 1.3862.
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