USD/CAD Outlook (03 February 2020)
2020-02-03 13:16:10
Overall, USD/CAD is trending upwards. Recently, USD/CAD trended higher, breaking the key level of 1.32 upwards.
The Canadian GDP m/m data (Actual: 0.1%, Forecast: 0.0%, Previous: -0.1%) released last week was better than forecasted and the Canadian dollar strengthened briefly as a result.
USD/CAD’s next support level is at 1.31800 and the next resistance level is at 1.33150.
Look for buying opportunities of USD/CAD.