USD/CAD Outlook (23 September 2021)

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USD/CAD Outlook (23 September 2021)

ByJin Dao Tai

 SEP 23, 2021

USD/CAD Outlook (23 September 2021)

Overall, USD/CAD is trending upwards. Recently, USD/CAD bounced up from the key level of 1.27.

The Canadian retail sales data will be released later at 2030 (GMT+8).

  • Core Retail Sales m/m (Forecast: -1.5%Previous: 4.7%)
  • Retail Sales m/m (Forecast: -1.2%Previous: 4.2%)

Currently, USD/CAD is testing to break above the key level of 1.28. Its next support zone is at 1.26100 and the next resistance zone is at 1.29000.

Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.28.

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