ByJin Dao Tai
JUL 29, 2021
Overall, USD/CAD is trending upwards. Recently, USD/CAD rejected the resistance zone of 1.26100.
The Canadian CPI m/m data (Forecast: 0.3%, Forecast: 0.4%, Previous: 0.5%) released yesterday indicated a decline in inflation mainly due to a slowdown in price growth in the clothing and footwear category.
USD/CAD’s next support zone is at 1.24500 and the next resistance zone is at 1.26100.
Look for short-term selling opportunities of USD/CAD.
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