USD/CAD Outlook (21 January 2022)
Overall, USD/CAD is trending downwards.
The Canadian retail sales data will be released later at 2130 (GMT+8).
Currently, USD/CAD is testing to break above 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 if it breaks above the key level of 1.25.
The Canadian retail sales data will be released later at 2130 (GMT+8).
- Core Retail Sales m/m (Forecast: 1.1%, Previous: 1.3%)
- Retail Sales m/m (Forecast: 1.2%, Previous: 1.6%)
Currently, USD/CAD is testing to break above 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 if it breaks above the key level of 1.25.
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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.