USD/CAD Outlook (03 January 2022)

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Overall, USD/CAD is ranging across. Recently, USD/CAD bounced off the support zone of 1.26100.

Canadian banks will be closed today in observance of New Year’s Day. Expect lower trading volume and volatility during the usual Canadian market hours.

USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29000.
Look for short-term buying opportunities of USD/CAD.

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