USD/CAD Outlook (28 February 2020)
2020-02-28 13:05:19
Overall, USD/CAD is trending upwards. Recently, USD/CAD trended higher, breaking above the key level of 1.34.
The Canadian GDP m/m data (Forecast: 0.1%, Previous: 0.1%) will be released later at 2130 (SGT).
USD/CAD’s next support level is at 1.33150 and the next resistance level is at 1.35000.
If the released Canadian GDP is worse than forecasted, look for buying opportunities of USD/CAD.