• USD/CAD extended declined on Thursday as dollar weakened after softer-than-expected U.S. producer prices data .
• U.S. producer prices rose less than anticipated in May, held back by declines in service costs such as airfares.
• The producer price index (PPI) for final demand rose 0.1% in May, following a revised 0.2% drop in April, according to the U.S. Labor Department's Bureau of Labor Statistics.
• In the 12 months through May, the Producer Price Index (PPI) rose 2.6%, slightly above the 2.5% increase recorded in April.
•At GMT 15:06, the pair was trading down 0.44 percent at 1.3612
• Immediate resistance is located at 1.3677(Daily high), any close above will push the pair towards 1.3752(38.2%fib).
• Support is seen at 1.3598(23.6%fib)and break below could take the pair towards 1.3572(Lower BB).
Recommendation: Good to sell around 1.3630, with stop loss of 1.3700 and target price of 1.3550
