USD/CAD Outlook (19 December 2019)
2019-12-19 13:27:27
Overall, USD/CAD is trending downwards. Recently, USD/CAD trended lower after the release of the Canadian CPI m/m data (Actual: -0.1%, Forecast: -0.1%, Previous: 0.3%) with the result as forecasted.
USD/CAD’s next support level is at 1.30600 and the next resistance level is at 1.31800.
Stay out of USD/CAD for now.