Ella 
USD/CAD extended its five-game losing streak and maintained a negative bias. It was trading around 1.3540 in early European trading on Thursday. Rising oil prices could put downward pressure on the pair.
Market participants are likely to focus on U.S. data, including core PPI and August retail sales data. The data will provide information on U.S. economic activity and can help traders formulate their USD/CAD trading strategies.
The pair may face initial support at the psychological level of 1.3500, followed by the 38.2% retracement at 1.3466. A break below this level could push USD/CAD below the psychological level of 1.3450.
On the upside, short-term barriers lie at the 23.6% retracement at 1.3553, followed by the 9-day EMA at 1.3575.
A strong break above the psychological level of 1.3600 could support USD bulls and send USD/CAD towards a weekly high of 1.3636 and then towards the psychological level of 1.3700.
The MACD line is still above its midline, but there is divergence below the signal line. This suggests a possible shift in market momentum and could be seen as a sign that the recent rally is beginning to wane.
Traders may look to the 14-day Relative Strength Index, which sits at 50, indicating unclear direction.
