USD/CAD Real Time Short-term View

23 July 2014

Last 1.0723:

Correcting lower in minor wave (c) of 2; with scope to 1.0615, but targeting to 1.0683 (61.8% retrace). First support at 1.0705 (38.2% retrace) which is also wave support, i.e. prior wave iv of 1…good news in Canada this morning on retail sales; from Reuters:

OTTAWA, July 23 (Reuters) – Strong car sales helped push Canadian retail trade up by 0.7 percent in May to C$41.98 billion ($39.23 billion), eclipsing April’s record sales, Statistics Canada reported on Wednesday.