ByJin Dao Tai
JUN 24, 2021

Overall, USD/CAD is trending upwards. Recently, USD/CAD bounced off the support zone of 1.22400.
The Canadian retail sales data released yesterday indicated a decline in consumer spending in April due to the third wave of the pandemic.
- Core Retail Sales m/m (Actual: -7.2%, Forecast: -4.4%, Previous: 5.4% revised from 4.3%)
- Retail Sales m/m (Actual: -5.7%, Forecast: -5.1%, Previous: 4.5% revised from 3.6%)
Currently, USD/CAD is testing to break above the key level of 1.23. Its 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 bounces down from the key level of 1.23.
Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.

