USD/CAD Outlook (2 December 2019)
2019-12-02 14:24:54
Overall, USD/CAD is trending upwards. Recently, USD/CAD tested but failed to break the key level of 1.33 upwards.
The Canadian GDP m/m data (Actual: 0.1%, Forecast: 0.1%, Previous: 0.1%) released was as forecasted. The Canadian dollar strengthened slightly as a result.
USD/CAD’s next support level is at 1.31800 and the next resistance level is at 1.33300.
Stay out of USD/CAD for now.