USDCAD ANALYSIS ON H4 CHART.
Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.27.
The Canadian CPI m/m data (Actual: 0.9%, Forecast: 0.6%, Previous: -0.1%) released yesterday indicated a strong rise in inflation in January.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD.
The Canadian CPI m/m data (Actual: 0.9%, Forecast: 0.6%, Previous: -0.1%) released yesterday indicated a strong rise in inflation in January.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.