USDCAD Analysis on H1 Chart.
Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27.
The Canadian Manufacturing PMI data (Forecast: NA, Previous: 57.2) will be released later at 2230 (GMT+8).
The OPEC+ will be holding their meetings today. Pay attention to whether the organization will make any changes to its planned oil production hike of 400,000 barrels-per-day.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29000.
Look for short-term Selling opportunities of USD/CAD.
The Canadian Manufacturing PMI data (Forecast: NA, Previous: 57.2) will be released later at 2230 (GMT+8).
The OPEC+ will be holding their meetings today. Pay attention to whether the organization will make any changes to its planned oil production hike of 400,000 barrels-per-day.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29000.
Look for short-term Selling opportunities of USD/CAD.
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