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USD/CAD Outlook (22nd October 2019)

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
JinDao_Tai  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Forex trend macro technical USDCAD
6
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trendanalysis forex trend macro technical usdcad
Overall, USD/CAD is trending downwards. Recently, USD/CAD is trending downwards.

The Canadian retail sales data will be released at 2030 (SGT).
- Core Retail Sales m/m (Forecast: 0.1%, Previous: -0.1%)
If the released data is worse than or as forecasted, the Canadian dollar may weaken.

USD/CAD’s next support level is at 1.30300 and the next resistance level of 1.31500.
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