2020-08-20 16:42
Pagsusuri ng merkadoUSD/CAD Outlook (20 August 2020)
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Pagsusuri ng merkado：
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.
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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.
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