USD/CAD bounces at 1.1250 and tests 1.1300 after Canadian retail sales

Friday, June 19, 2009

USD/CAD has bounced at 1.1250 level to rise above 1.1280 and test 1.1300 resistance fueled by a worst then expected Canadian retail sales in April. pair has rising 50 pips after the data released to the currently 1.1290/1.1300, yet 0.25% below today's opening price.
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