USD/CAD Outlook (29 November 2019)

Overall, USD/CAD is trending upwards. Recently, USD/CAD tested but failed to break the key level of 1.33 upwards.
The Canadian GDP m/m data (Forecast: 0.1%, Previous: 0.1%) will be released later at 2130 (SGT).
If the released data is better than (or worse than) forecasted, the Canadian dollar may strengthen (or weaken) respectively.
Currently, USD/CAD is moving towards the key level of 1.33. USD/CAD’s next support level is at 1.31800 and the next resistance level is at 1.33300.
Wait for the release of the GDP data before looking for trade opportunities.