FXstreet.com (Barcelona) - After falling around 90 pips during the European session from 1.0645, MA55 hourly chart, The Dollar has found support at 1.0555 against the Canadian. Currently the pair is trading on consolidation mode, around 1.0565/75, reaching 1.20% below today's opening price action at 1.0705.
The UFXBank team research, affirms: The Canadian dollar ended lower for a fourth consecutive session, capping off a losing week for the currency in which investor aversion to risk dampened demand for higher-yielding currencies such as the Canadian Dollar. Overall, USD/CAD traded with a low of 1.0613 and with a high of 1.0732. Today, the Core Retail Sales expected at 0.4% vs. 0.5% previously.