2020-08-07 15:01
Market analysisUSD/CAD Outlook (07 August 2020)
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Market analysis：
Overall, USD/CAD is trending downwards. Recently, USD/CAD took a turn and moved into the resistance zone of 1.33500.
The Canadian employment data will be released later at 2030 (SGT).
-Employment Change (Forecast: 395K, Previous: 952.9K)
-Unemployment Rate (Forecast: 11.1%, Previous: 12.3%)
Currently, USD/CAD is testing the resistance zone of 1.33500 and the next support zone is at 1.31800.
If USD/CAD bounces off the resistance zone of 1.33500, look for short-term selling opportunities of USD/CAD up until the release of the Canadian and U.S. jobs report at 2030 (SGT).
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USD/CAD Outlook (07 August 2020)
Singapore | 2020-08-07 15:01Overall, USD/CAD is trending downwards. Recently, USD/CAD took a turn and moved into the resistance zone of 1.33500.
The Canadian employment data will be released later at 2030 (SGT).
-Employment Change (Forecast: 395K, Previous: 952.9K)
-Unemployment Rate (Forecast: 11.1%, Previous: 12.3%)
Currently, USD/CAD is testing the resistance zone of 1.33500 and the next support zone is at 1.31800.
If USD/CAD bounces off the resistance zone of 1.33500, look for short-term selling opportunities of USD/CAD up until the release of the Canadian and U.S. jobs report at 2030 (SGT).
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