2020-09-16 18:29
Market analysisUSD/CAD Outlook (16 September 2020)
Related product：
Forex,Others,Others,Others,Others,Others
Market analysis：
Overall, USD/CAD is ranging across.
Yesterday, the U.S. announced the scrapping of the 10% aluminum tariff on Canada after they expect imports to decline. However, in a scenario whereby the declined amount is not as expected, tariffs will be applied to the excess imports.
The Canadian CPI m/m data (Forecast: 0.1%, Previous: 0.0%) will be released later at 2030 (SGT).
Currently, USD/CAD is testing the resistance zone of 1.31800 and the next support zone is at 1.29800.
If the released CPI data is better than forecasted, look for short-term selling opportunities of USD/CAD if it bounces off the resistance zone of 1.31800.
Like 0
Jin_Forex
Nhà đầu tư
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 (16 September 2020)
Singapore | 2020-09-16 18:29Overall, USD/CAD is ranging across.
Yesterday, the U.S. announced the scrapping of the 10% aluminum tariff on Canada after they expect imports to decline. However, in a scenario whereby the declined amount is not as expected, tariffs will be applied to the excess imports.
The Canadian CPI m/m data (Forecast: 0.1%, Previous: 0.0%) will be released later at 2030 (SGT).
Currently, USD/CAD is testing the resistance zone of 1.31800 and the next support zone is at 1.29800.
If the released CPI data is better than forecasted, look for short-term selling opportunities of USD/CAD if it bounces off the resistance zone of 1.31800.
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.