2020-09-21 19:50
Market analysisUSD/CAD Outlook (21 September 2020)
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Market analysis：
Overall, USD/CAD is ranging across. Recently, USD/CAD bounced down from the key level of 1.32.
The Canadian Retail Sales m/m data released last Friday indicated a strong decline in consumer spending in July.
-Core Retail Sales m/m (Actual: -0.4%, Forecast: 0.5%, Previous: 15.5% revised from 15.7%)
-Retail Sales m/m (Actual: 0.6%, Forecast: 0.8%, Previous: 22.7% revised from 23.7%)
USD/CAD’s next support zone is at 1.30000 and the next resistance zone is at 1.32300.
Look for selling opportunities of USD/CAD.
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USD/CAD Outlook (21 September 2020)
Singapore | 2020-09-21 19:50Overall, USD/CAD is ranging across. Recently, USD/CAD bounced down from the key level of 1.32.
The Canadian Retail Sales m/m data released last Friday indicated a strong decline in consumer spending in July.
-Core Retail Sales m/m (Actual: -0.4%, Forecast: 0.5%, Previous: 15.5% revised from 15.7%)
-Retail Sales m/m (Actual: 0.6%, Forecast: 0.8%, Previous: 22.7% revised from 23.7%)
USD/CAD’s next support zone is at 1.30000 and the next resistance zone is at 1.32300.
Look for selling opportunities of USD/CAD.
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