USD/CAD Outlook (12 May 2021)

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USD/CAD Outlook (12 May 2021)

ByJin Dao Tai

 MAY 12, 2021

USD/CAD Outlook (12 May 2021)

Overall, USD/CAD is trending downwards.

Currently, USD/CAD is testing the support zone of 1.21000 and the next resistance zone is at 1.22400.

Look for selling opportunities of USD/CAD if it breaks the support zone of 1.21000.

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If you like, reward to support.


Judging from the current trend, the 1.21 support level you mentioned is a real breakthrough or a false breakthrough