USD/CAD Outlook (02 March 2020)

Overall, USD/CAD is trending upwards. Recently, USD/CAD moved lower, breaking below the key level of 1.34.
The Canadian GDP m/m data (Actual: 0.3%, Forecast: 0.1%, Previous: 0.1%) released last Friday was better than forecasted.
Currently, USD/CAD is moving towards the support level of 1.33150 and its next resistance level is at 1.34400.
Stay out of USD/CAD for now.