ByJin Dao Tai
AUG 27, 2021
Overall, USD/CAD is ranging across. Recently, USD/CAD bounced off the support zone of 1.26100.
Day 1 of the Jackson Hole Symposium will be held today. During this time, expect volatility in USD/CAD.
Currently, USD/CAD is testing to break above the key level of 1.27. Its next support zone is at 1.26100 and the next resistance zone is at 1.29000.
If USD/CAD breaks above the key level of 1.27, look for short-term buying opportunities up until the Federal Reserve Chairman Powell’s speech at 2200 (GMT+8).
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