USD/CAD Outlook (1 November 2019)
2019-11-01 16:14:31
Overall, USD/CAD is trending downwards. Recently, USD/CAD’s uptrend has stagnated.
The Canadian GDP data released yesterday was worse than forecasted.
GDP m/m (Actual: 0.1%, Forecast: 0.2%, Previous: 0.0%)
Currently, USD/CAD is testing the support level of 1.31500. Its next resistance level is at 1.33300.