USD/CAD through 1.3300 post-data, fresh tops

The Canadian dollar is now depreciating at a faster pace vs. its American neighbour, lifting USD/CAD fresh tops above 1.3300 the figure.
USD/CAD higher on CAD data
Spot is now printing fresh multi-month tops near 1.3320 after Canadian inflation figures and retail sales have come in short of expectations today.
In fact, consumer prices tracked by the CPI rose 1.3% on a year to September and 0.1% inter-month vs. forecasts for 1.5% and 0.2%, respectively. Core prices measured by the Bank of Canada have matched expectations, up 1.8% YoY and 0.2% on a monthly basis.
Adding to CAD offered bias, Retail Sales in Canada have contracted at a monthly 0.1% during August vs. am estimated 0.3% gain.
USD/CAD significant levels
As of writing the pair is up 0.76% at 1.3326 with the next hurdle at 1.3575 (50% Fibo of the 2016 drop) seconded by 1.3839 (61.8% Fibo of the 2016 drop). On the other hand, a breakdown of 1.3050 (low Oct.18) would open the door to 1.3030 (100-day sma) and then 1.2996 (low Sep.22).
Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

















