USD/CAD Outlook (18 January 2022)

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Overall, USD/CAD is trending downwards.

The Canadian Housing Starts data (Forecast: 279K, Previous: 301K) will be released later at 2115 (GMT+8).

USD/CAD’s next support zone is at 1.24500 and its next resistance zone is at 1.26100.
Look for short-term buying opportunities of USD/CAD.

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