USD/CAD steady despite strong Canada wholesale data

FXstreet.com (Córdoba) - The USD/CAD remained immutable around 1.0200 after data showed Canadian wholesale sales rose more than expected in July, while US jobless claims grew less than expected last week.

USD/CAD supported by 1.0180

After bottoming out at a 3-month low at 1.0182, USD/CAD entered in a consolidation phase that has extended over the last hours as USD bears look exhausted. At time of writing, the pair is trading at the 1.0210 area, just a few pips below its opening price after dropping 0.7% the previous day.

USD/CAD supports and resistances

In term of technical levels, if USD/CAD breaks decisively below 1.0180, next supports could be found at 1.0170 (Jun 19 low) and 1.0150 (Jun 17 low), while on the flip side, resistances are seen at 1.0230 (daily high) and 1.0245 (Jul 31 low).

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