Overall, USD/CAD is trending downwards. Recently, USD/CAD bounced off the support zone of 1.24500 and broke above the key level of 1.25.
The Canadian CPI y/y data (Actual: -0.1%, Forecast: -0.1%, Previous: 0.2%) released yesterday indicated that inflation declined slightly as expected in December.
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 buying opportunities of USD/CAD.
The Canadian CPI y/y data (Actual: -0.1%, Forecast: -0.1%, Previous: 0.2%) released yesterday indicated that inflation declined slightly as expected in December.
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 buying opportunities of USD/CAD.
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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.
Join my mailing list jindaotai.com/joinme
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.