• USD/CAD edges higher from day's lows at 1.2902, strong support seen at 1.2900 (double bottom Oct 9th and 12th)
  
  
• Poor U.S. retail sales and PPI data on Wed pushed Fed rate hike expectation beyond 2016, weighing heavily on USD
  
  
• The dollar slumped to seven-week lows against a basket of currencies in Asian trading on Thursday, dragging USD/CAD lower
  
  
• Rise in commodities including oil, boosting CAD, brent was up 15 cents at $49.30 a barrel by 0527 GMT, having ended down 9 cents at $49.15 on Wednesday
  
  
• USD/CAD is at the time of writing trading at 1.2916, with immediate resistance at 1.2920 (Hourly 10 MA) ahead of 1.2977 (session high Oct 14)
  
  
• Supports on the downside are seen at 1.2900 (double bottom Oct 9th and 12th) and then at 1.2857 (cloud base)
  
  
• Markets await U.S. CPI data due later today in the NY session for further momentum