Forex: USD/CAD retraces to 0.9930 after retail sales

FXstreet.com (Barcelona) - The Loonie gathered some traction after the mixed data out of the Canadian retail sales, dragging USDCAD from highs in the proximities of 0.9950 to the current area around 0.9930. Sales rose 0.3% on a monthly basis and contracted 0.3% MoM excluding the automobile sector, when market consensus was expecting 0.0% and +0.1%, respectively.

At the moment, the pair is flat at 0.9929 with the next resistance at 0.9963 (Upper Bollinger) ahead of 0.9977 (high Dec.31) and then 0.9982 (MA200d).
On the flip side, a drop below 0.9855 (low Jan.18) would bring 0.9843 (low Jan.17) en route to 0.9838 (low Jan.16).