USD/CAD Outlook (04 March 2022)

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

During his press conference earlier today, Bank of Canada Governor Macklem said that he does not rule out an interest rate hike of 0.50% in the future if necessary.

Currently, USD/CAD is trading 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.

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