Overall, USD/CAD is trending upwards. Recently, USD/CAD traded into the resistance zone of 1.26000.
The Canadian CPI m/m data (Actual: 0.7%, Forecast: 0.7%, Previous: 0.2%) released yesterday indicated a rise in inflation as forecasted in October.
Currently, USD/CAD is testing the resistance zone of 1.26100 and the next support zone is at 1.24500.
Look for short-term buying opportunities of USD/CAD if it breaks the resistance zone of 1.26100.
The Canadian CPI m/m data (Actual: 0.7%, Forecast: 0.7%, Previous: 0.2%) released yesterday indicated a rise in inflation as forecasted in October.
Currently, USD/CAD is testing the resistance zone of 1.26100 and the next support zone is at 1.24500.
Look for short-term buying opportunities of USD/CAD if it breaks the resistance zone of 1.26100.
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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.