FXstreet.com (Barcelona) - Canadian retail sales have declined 0.6% in Jul, against the market expectations of a 0.5% increase, on the back of lower gasoline prices, with sales in gas stations declining 43.2%.

USD/CAD has bounced from 1.0660 low ahead of the release of Canadian retail sales, to 1.0715 maximum level after consumption data was released, trimming losses of previous decline from 1.0855 high on Monday.

Resistance levels for the Dollar, lie at 1.0715, and above here, 1.0770. On the downside, support levels lie at 1.0660 and 1.0590.

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