Note

USD/CAD Outlook (19 August 2021)

Verified Person
· Views 184

#OPINIONLEADER#

USD/CAD Outlook (19 August 2021)

ByJin Dao Tai

 AUG 19, 2021

USD/CAD Outlook (19 August 2021)

Overall, USD/CAD is ranging across. Recently, USD/CAD bounced off the support zone of 1.26100 after the release of the hawkish Federal Reserve meeting minutes.

The Canadian CPI m/m data (Actual: 0.6%Forecast: 0.3%Previous: 0.3%) released yesterday indicated that inflation rose faster in July than in June.

USD/CAD’s next support zone is at 1.26100 and the next resistance zone is at 1.28500.

Look for short-term buying opportunities of USD/CAD.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.