USD/CAD Outlook (12 February 2020)
2020-02-12 13:05:28
Overall, USD/CAD is trending upwards. Recently, USD/CAD trended lower.
The Bank of Canada Governor Stephen Poloz will be speaking in a panel discussion at the Australia-Canada Economic Leadership Forum at 0800 (SGT). During this time, volatility is expected of CAD.
Currently, USD/CAD is moving away from the resistance level of 1.33150 and the next support level is at 1.31800.
Stay out of USD/CAD for now.