USD/CAD Outlook (23 June 2021)

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USD/CAD Outlook (23 June 2021)

ByJin Dao Tai

 JUN 23, 2021

USD/CAD Outlook (23 June 2021)

Overall, USD/CAD is trending upwards. Recently, USD/CAD broke the support zone of 1.23800.

The Canadian retail sales data will be released later at 2030 (GMT+8).

  • Core Retail Sales m/m (Forecast: -4.4%Previous: 4.3%)
  • Retail Sales m/m (Forecast: -5.1%Previous: 3.6%)

USD/CAD’s next support zone is at 1.22400 and the next resistance zone is at 1.23800.

Look for short-term selling opportunities of USD/CAD if it breaks below the key level of 1.23.


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