The USD/CAD pair holds a favorable position as it continues to trade near the top of its weekly trading range. As of Friday morning, the pair remained just below the 1.3900 mark, showing that it is consolidating within a narrow band. This stability occurs amid anticipation of upcoming Canadian retail sales figures, which could provide further direction for the currency pair. While the spot prices reflect close proximity to a significant three-year low achieved earlier this week, market sentiment remains cautiously optimistic. Observers advise keeping a close watch on retail sales data release, as it has the potential to impact the currency dynamics in a substantial way.