USD/CAD Outlook (09 February 2022)

150
Overall, USD/CAD is ranging across.

Bank of Canada Governor Macklem will be speaking tomorrow at 0100 (GMT+8). During this time, there may be volatility in CAD.

Currently, USD/CAD is testing to break above the key level of 1.27. Its next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.27.

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