USD/CAD Outlook (03 February 2022)

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Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.27.

During the meeting yesterday, the OPEC+ kept its oil production hike unchanged for March at 400,000 barrels-per-day.

Currently, USD/CAD is trading up towards 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 only if it breaks above the key level of 1.27.

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