USD/CAD Outlook (22nd August 2019)
Overall, USD/CAD is trending upwards. Recently, USD/CAD has been ranging across.
The Canadian CPI m/m data released last night was way better than expected. The Canadian dollar strengthened as a result.
USD/CAD is currently testing to break the key level of 1.33 upwards. It is heading towards the resistance level of 1.33300 and its next support level is at 1.31800.
The Canadian CPI m/m data released last night was way better than expected. The Canadian dollar strengthened as a result.
- CPI m/m (Actual: 0.5%, Forecast: 0.1%, Previous -0.2%)
USD/CAD is currently testing to break the key level of 1.33 upwards. It is heading towards the resistance level of 1.33300 and its next support level is at 1.31800.
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