FXstreet.com (Barcelona) - USD/CAD has dropped from a daily-high some pips short of 1.2550 resistance level to support line almost 100 pips below at 1.2455, despite worse than expected Canadian retail sales.

Retail turnover has declined 5.4% in December, instead f the 2.1% consensus decline, however, the Canadian Dollar has rallied almost 100 pips in the hour after figures were released.

USD/CAD has dropped from 1.2542, failing, once again to break resistance at 1.2555. The pair has dropped to 1.2455 to recover somewhat. If 1.2455 holds the USD/CAD could set another attack to 1.2555/70 area, otherwise, below 1.2455, next resistance level remains at 1.2415 and 1.2382.