USD/CAD Outlook (09 July 2021)

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USD/CAD Outlook (09 July 2021)

ByJin Dao Tai

 JUL 9, 2021

USD/CAD Outlook (09 July 2021)

Overall, USD/CAD is trending upwards. Recently, USD/CAD broke the resistance zone of 1.26100.

G20 meetings will be held today. During this time, there may be volatility in the market.

The Canadian employment data will be released later at 2030 (GMT+8).

  • Employment Change (Forecast: 172.5KPrevious: -68.0K)
  • Unemployment Rate (Forecast: 7.8%Previous: 8.2%)

USD/CAD’s next support zone is at 1.24800 and the next resistance zone is at 1.26100.

Look for short-term buying opportunities of USD/CAD.

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