USD/CAD Outlook (09 January 2020)
2020-01-09 13:34:54
Overall, USD/CAD is trending downwards. Recently, USD/CAD trended higher, breaking the key level of 1.30 upwards.
Bank of Canada Governor Stephen Poloz will be speaking at a forum tomorrow at 0315 (SGT). The text of the speech will be released at 0300 (SGT).
Currently, USD/CAD is moving towards the resistance level of 1.30600 and the next support level is at 1.29200.
Stay out of USD/CAD for now.