Get started
JinDao_Tai

USD/CAD Outlook (13 May 2021)

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
JinDao_Tai  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Forex macro technical trend USDCAD
6
3
trendanalysis forex macro technical trend usdcad
Overall, USD/CAD is trending downwards.

Bank of Canada Governor Macklem will be speaking later at 2300 (SGT). During this time, there may be volatility in CAD.

Currently, USD/CAD is testing the support zone of 1.21000 and the next resistance zone is at 1.22400.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.21000.
Free trading community: discord.gg/kPDXU2ZaDt
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.