# USD/CAD Potential Breakout (June 21, 2013) Source: https://www.tradersway.com/resources/market-info/usd-cad-potential-breakout-june-21-2013/ Language: en Updated: 2013-06-21 Description: Explore USD/CAD Potential Breakout (June 21, 2013). On its. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. On its shorter-term time frame, USD/CAD has been consolidating, as though getting ready for a break in either direction. With today’s set of data from Canada, a strong breakout could be in the works. Canada is set to release its CPI and retail sales data in today’s U.S. session. CPI is expected to be up by 0.4% while core CPI could show a 0.3% uptick. Retail sales are projected to climb by 0.2% while core retail sales could stay flat. Stronger than expected data from both reports could trigger a downside breakout while significantly weak figures could set off an upside break above 1.0400. ![USD/CAD Potential Breakout (June 21, 2013)] A bearish divergence has formed on the 1-hour time frame, hinting that a downside breakout could be more likely. A short order below consolidation and a stop above 1.0400 would yield a good reward-to-risk for an event play. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/usd-cad-potential-breakout-june-21-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/usd-cad-potential-breakout-june-21-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usd-cad-potential-breakout-june-21-2013/", "headline": "USD/CAD Potential Breakout (June 21, 2013)", "inLanguage": "en", "datePublished": "2013-06-21T12:51:48+00:00", "dateModified": "2013-06-21T12:51:48+00:00", "articleSection": "Market Info", "description": "Explore USD/CAD Potential Breakout (June 21, 2013). On its. 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