USD/CAD Outlook (02 September 2021)
ByJin Dao Tai
SEP 2, 2021
Overall, USD/CAD is ranging across.
The OPEC+ meeting held yesterday concluded with the decision to hike oil production by 400,000 barrels-per-day for the month of October.
The Canadian Building Permits m/m data (Forecast: 1.5%, Previous: 6.9%) will be released later at 2030 (GMT+8).
Currently, USD/CAD is testing the support zone of 1.26100 and the next resistance zone is at 1.29000.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.26100.
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
Hot
No comment on record. Start new comment.