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USD/CAD Outlook (13 May 2021)

Dollar A.S. / Dollar Kanada (FX:USDCAD)  
JinDao_Tai  
FX:USDCAD   Dollar A.S. / Dollar Kanada
Trend Analysis Forex macro technical trend USDCAD
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trendanalysis forex macro technical trend usdcad
Overall, USD/CAD is trending downwards.

Bank of Canada Governor Macklem will be speaking later at 2300 (SGT). During this time, there may be volatility in CAD.

Currently, USD/CAD is testing the support zone of 1.21000 and the next resistance zone is at 1.22400.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.21000.
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