Overall, USD/CAD is trending downwards.
The Canadian manufacturing PMI data (Actual: 54.8, Forecast: NA, Previous: 54.4) released yesterday indicated that the Canadian manufacturing sector continued to expand in February at a rate similar to the previous month.
The Canadian GDP m/m data (Forecast: 0.1%, Previous: 0.7%) will be released later at 2130 (SGT).
USD/CAD’s next support zone is at 1.26100 and the next resistance zone of 1.28500.
Look for short-term buying opportunities of USD/CAD.
The Canadian manufacturing PMI data (Actual: 54.8, Forecast: NA, Previous: 54.4) released yesterday indicated that the Canadian manufacturing sector continued to expand in February at a rate similar to the previous month.
The Canadian GDP m/m data (Forecast: 0.1%, Previous: 0.7%) will be released later at 2130 (SGT).
USD/CAD’s next support zone is at 1.26100 and the next resistance zone of 1.28500.
Look for short-term buying opportunities of USD/CAD.
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