Falling retail sales bullish for USDCAD
Retail sales in Canada decreased in August when a growth was expected. Will the USDCAD decline?
The price chart on 1-hour timeframe shows USDCAD: H1 is in uptrend. The price is rising toward the 200-period moving average MA(200) which is falling. The RSI oscillator is falling but is above 50 level.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.3122 |
| Stop loss | Below 1.3102 |