Overall, USD/CAD is trending downwards. Recently, USD/CAD broke the support zone of 1.22400.
The Canadian employment data will be released later at 2030 (SGT).
USD/CAD’s next support zone is at 1.21000 and the next resistance zone is at 1.22400.
Look for short-term selling opportunities of USD/CAD up until the release of the Canadian employment data at 2030 (SGT).
The Canadian employment data will be released later at 2030 (SGT).
- Employment Change (Forecast: -160.5K, Previous: 303.1K)
- Unemployment Rate (Forecast: 7.8%, Previous: 7.5%)
USD/CAD’s next support zone is at 1.21000 and the next resistance zone is at 1.22400.
Look for short-term selling opportunities of USD/CAD up until the release of the Canadian employment data at 2030 (SGT).