USD/CAD Outlook (13 January 2020)
2020-01-13 14:10:54
Overall, USD/CAD is trending downwards. Recently, USD/CAD trended lower after the release of the positive Canadian employment data last Friday.
Employment Change (Actual: 35.2K, Forecast: 24.9K, Previous: -71.2K)
Unemployment Rate (Actual: 5.6%, Forecast: 5.8%, Previous: 5.9%)
USD/CAD’s next support level is at 1.29700 and the next resistance level is at 1.31800.
With the positive Canadian employment data and the poor U.S. employment data, look for selling opportunities of USD/CAD.