FXstreet.com (Barcelona) - After drop from the 1.2542 daily-high to 1.2450 on the worse than expected Canadian retail sales, the USD/CAD has found a new resistance at 1.2525.

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.

The USD/CAD is fighting with the 1.2523 resistance in the early American session. Currently the pair is trading close to the 1.2500 level after a last attempt against the resistance and fall 55 pips to 1.2470.