USD/CAD Outlook (23 July 2021)
ByJin Dao Tai
JUL 23, 2021
Overall, USD/CAD is trending upwards.
The Canadian retail sales m/m data will be released later at 2030 (GMT+8).
- Core Retail Sales m/m (Forecast: -1.6%, Previous: -7.2%)
- Retail Sales m/m (Forecast: -3.0%, Previous: -5.7%)
USD/CAD’s next support zone is at 1.24500 and the next resistance zone is at 1.26100.
Look for short-term selling opportunities of USD/CAD.
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