USD/CAD Outlook (13 January 2022)

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Overall, USD/CAD is ranging across. Recently, USD/CAD broke the support zone of 1.26100 after the release of the strong U.S. inflation data, leading to the weakening of USD.

Currently, USD/CAD is testing to break below the key level of 1.25. Its next support zone is at 1.24500 and its next resistance zone is at 1.26100.
Look for short-term selling opportunities of USD/CAD if it breaks below the key level of 1.25.

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