ByJin Dao Tai
JUN 4, 2021
Overall, USD/CAD is trending downwards. Recently, USD/CAD trended into the resistance zone of 1.21000.
The Canadian jobs report will be released later at 2030 (GMT+8).
- Employment Change (Forecast: -23.5K, Previous: -207.1K)
- Unemployment Rate (Forecast: 8.2%, Previous: 8.1%)
The Canadian Ivey PMI data (Forecast: 62.3, Previous: 60.6) will be released later at 2200 (GMT+8).
Currently, USD/CAD is testing the resistance zone of 1.21000 and the next support zone is at 1.19000.
If USD/CAD breaks the resistance zone of 1.21000, look for short-term buying opportunities of USD/CAD up until the release of the U.S. jobs report later at 2030 (GMT+8).
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