• USD/CAD moved higher on Friday as geopolitical uncertainty , soft Canadian economic data and lower oil prices weighed on Canadian dollar.
• Canada's retail sales rose 0.3% to C$70.11 billion in April, below expectations and down from March’s 0.8% gain, Statistics Canada reported Friday.
• Oil prices slipped on Friday after the White House postponed a decision on potential U.S. action in the Israel-Iran conflict, though the market remained on track for a third straight weekly gain.
•At GMT 15:43, the dollar was trading up 0.31% at 1.3742 against Canadian dollar .
• Immediate resistance is located at 1.3810(38.2%fib), any close above will push the pair towards 1.3866(Higher BB).
• Support is seen at 1.3642(June 18th low) and break below could take the pair towards 1.3558(23.6%fib).
Recommendation: Good to buy around 1.3720, with stop loss of 1.3630 and target price of 1.3800
