2020-08-20 16:42
Market analysisUSD/CAD Outlook (20 August 2020)
Related product：
Forex,Others,Others,Others,Others,Others
Market analysis：
Overall, USD/CAD is trending downwards. Recently, USD/CAD bounced off the support zone of 1.31800 after the release of the dovish FOMC meeting minutes, causing a strong sell-off in the stock and bond markets, thus pushing the USD higher.
The Canadian CPI m/m data (Actual: 0.0%, Forecast: 0.4%, Previous: 0.8%) released yesterday indicated no increase in inflation for July for all goods and services purchased by consumers.
USD/CAD’s next support zone is at 1.31800 and the next resistance zone is at 1.33500.
Look for short-term buying opportunities of USD/CAD.
Like 0
Jin_Forex
交易者
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
USD/CAD Outlook (20 August 2020)
Singapore | 2020-08-20 16:42Overall, USD/CAD is trending downwards. Recently, USD/CAD bounced off the support zone of 1.31800 after the release of the dovish FOMC meeting minutes, causing a strong sell-off in the stock and bond markets, thus pushing the USD higher.
The Canadian CPI m/m data (Actual: 0.0%, Forecast: 0.4%, Previous: 0.8%) released yesterday indicated no increase in inflation for July for all goods and services purchased by consumers.
USD/CAD’s next support zone is at 1.31800 and the next resistance zone is at 1.33500.
Look for short-term buying opportunities of USD/CAD.
Forex
Others
Others
Others
Others
Others
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.