USD/CAD Outlook (23 July 2021) Short
U.S. Dollar/Canadian DollarFXCM
Description
⋅ 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.