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charliedavies770

USDCAD ANALYSIS ON H4 CHART.

Long
U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
charliedavies770  
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis USDCAD usdcadlong
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trendanalysis indicator fundamental usdcad usdcadlong
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.
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