Forex news for trading for August 19, 2016
Weaker data out of Canada led to a rise in the USDCAD today – pushing the price above the 100 hour MA for the first time since August 10th. That level comes in at 1.2850. Traders next week will be looking at this level for bias clues. Stay above more bullish and move below more bearish. For good order, retails sales for June were -0.1% vs +0.5% estimate. Ex Auto they were even weaker at -0.8%.