ByJin Dao Tai
JUL 30, 2021
Overall, USD/CAD is ranging across. Recently, USD/CAD trended down into the support zone of 1.24500.
The Canadian GDP m/m data (Forecast: -0.3%, Previous: -0.3%) will be released later at 2030 (GMT+8).
Currently, USD/CAD is testing the support zone of 1.24500 and the next resistance zone is at 1.26100.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.24500.
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