The Canadian remains under pressure. Data on wholesale sales in Canada
The Canadian dollar remains under pressure against the US dollar. The main pressure on the Canadian currency is exerted by the decline in oil prices, as well as a decrease in wholesale sales in Canada.
- According to the published data, the volume of wholesale sales decreased in February by -0.8%, against the January growth of 0.3%.
Technical analysis: The pair USD/CAD keeps growing in the short term. At the moment, the main level of resistance is the mark of 1.2800, in case of overcoming of it the further increase in the price of the instrument to the levels of 1.2845, 1.2900 is expected. The main support levels are 1,2745, 1,2690.
Fig. USD/CAD. The current price is $ 1.2798.
Alexander Sivtsov