USD/CAD Outlook (07 December 2021)
Overall, USD/CAD is trending upwards. Recently, USD/CAD broke below the key level of 1.28.
The Canadian Ivey PMI data (Forecast: 60.2, Previous: 59.3) will be released later at 2300 (GMT+8).
USD/CAD’s next support zone is at 1.26100 and the next resistance zone is at 1.29000.
Look for short-term buying opportunities of USD/CAD only if it trades above the key level of 1.28.
The Canadian Ivey PMI data (Forecast: 60.2, Previous: 59.3) will be released later at 2300 (GMT+8).
USD/CAD’s next support zone is at 1.26100 and the next resistance zone is at 1.29000.
Look for short-term buying opportunities of USD/CAD only if it trades above the key level of 1.28.
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