The currency pair surged on Thursday and tested 1.2594. USD/CAD stays below this level at press time.

Closest support areas: 1.2552, 1.2509, 1.2468

Closest resistance areas: 1.2594, 1.2631, 1.2669

Macroeconomic data

CAD

Housing Starts

Foreign Securities Purchases

Wholesale Sales m/m

USD

Core Retail Sales m/m

Retail Sales m/m

Prelim UoM Consumer Sentiment

Business Inventories m/m

Prelim UoM Inflation Expectations