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USD/CAD Outlook (21 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. Recently, USD/CAD rejected the resistance zone of 1.21000.

The Canadian retail sales m/m data will be released later at 2030 (SGT).
  • Core Retail Sales m/m (Forecast: 2.3%, Previous: 4.8%)
  • Retail Sales m/m (Forecast: 2.3%, Previous: 4.8%)
USD/CAD’s next support zone is at 1.19000 and the next resistance zone is at 1.21000.
Look for selling opportunities of USD/CAD.
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