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JinDao_Tai

USD/CAD Outlook (23 July 2021)

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
JinDao_Tai  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Forex macro technical trend USDCAD
5
0
trendanalysis forex macro technical trend usdcad
Overall, USD/CAD is trending upwards.

The Canadian retail sales m/m data will be released later at 2030 (GMT+8).
  • Core Retail Sales m/m (Forecast: -1.6%, Previous: -7.2%)
  • Retail Sales m/m (Forecast: -3.0%, Previous: -5.7%)

USD/CAD’s next support zone is at 1.24500 and the next resistance zone is at 1.26100.
Look for short-term selling opportunities of USD/CAD.
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