ByJin Dao Tai
JUL 7, 2021
Overall, USD/CAD is trending upwards. Recently, USD/CAD trended into the resistance zone of 1.24800.
The Canadian Ivey PMI data (Forecast: 65.0, Previous: 64.7) will be released later at 2200 (GMT+8).
Currently, USD/CAD is testing the resistance zone of 1.24800 and the next support zone is at 1.22600.
Look for short-term selling opportunities of USD/CAD if it bounces off the resistance zone of 1.24800.
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