USD/CAD Outlook (18 February 2022)
Overall, USD/CAD is ranging across.
The Canadian retail sales data will be released later at 2130 (GMT+8).
- Core Retail Sales m/m (Forecast: -2.1%, Previous: 1.1%)
- Retail Sales m/m (Forecast: -2.1%, Previous: 0.7%)
Currently, USD/CAD is testing to break above the key level of 1.27. Its next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.27.
The Canadian retail sales data will be released later at 2130 (GMT+8).
- Core Retail Sales m/m (Forecast: -2.1%, Previous: 1.1%)
- Retail Sales m/m (Forecast: -2.1%, Previous: 0.7%)
Currently, USD/CAD is testing to break above the key level of 1.27. Its next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.27.
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