Jin_LCMSTraders

USD/CAD Outlook (19th June 2019)

FX:USDCAD   U.S. Dollar / Canadian Dollar
  • Rekindling a trade relationship
  • USD/CAD testing key level

Price Movement
Since yesterday, USD/CAD has moved down by around 40pips.

Trend
Recently, USD/CAD is trending upwards.

Important Issue
Yesterday, U.S. President Donald Trump tweeted that he “had a very good telephone conversation with President Xi of China” and “will be having an extended meeting next week at the G-20 in Japan”.

Technical
USD/CAD is testing the 1.34 key level.

Price Levels
Current Price: 1.33781
Next Resistance: 1.35000
Next Support: 1.32600
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