Canada Retail Sales better than expectations. USDCAD looks toward parity.

Written March 19, 2010 at 8:34 AM EST by  

Headline up 0.7% and Less Autos +1.8% (vs 0.5%). 

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The  USDCAD  has moved to new lows at 1.0061 (trendline support). It is hard to see the USDCAD not testing parity soon.  The upside should be contained by1.0097 now.

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