The Canadian Dollar (CAD) found some bullish momentum in the latter half of Friday’s trading session, taking the USD/CAD pair down into the 1.3600 region. A better-than-expected Retail Sales report and a broad market recovery in risk sentiment are bolstering the Loonie against the US Dollar (USD), with the CAD up across the board and the Greenback on the softer side heading into the trading week’s close. The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the US Dollar. The Loonie’s late break sees the USD/CAD challenging the 1.3600 handle, with the pair aimed straight at the 1.3500 target, just past the 200-day Simple Moving Average (SMA).

The pair has decisively broken through the rising trendline from July’s low bids at 1.3100, and technical support from the 50-day SMA has broken through. Intraday declines in the USD/CAD has hourly candles pulling well away from the near-term mid-ranges, dropping into 1.3600. Any bullish rebounds will be seeing a technical resistance range between the 50- and 200-day SMAs, which are dropping into 1.3680 and 1.3700, respectively.