Overall, USD/CAD is trending downwards.
Bank of Canada Governor Macklem will be speaking later at 2300 (SGT). During this time, there may be volatility in CAD.
Currently, USD/CAD is testing the support zone of 1.21000 and the next resistance zone is at 1.22400.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.21000.
Bank of Canada Governor Macklem will be speaking later at 2300 (SGT). During this time, there may be volatility in CAD.
Currently, USD/CAD is testing the support zone of 1.21000 and the next resistance zone is at 1.22400.
Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.21000.