USDCAD is moving in a downtrend for a long time in the daily timeframe chart.
Now, USDCAD is standing at the key trend resistance zone.
Let’s wait for the breakout from this downtrend range.
Canadian GDP data released on Friday as data printed as a 1.2% rise in August.
Some sectors are fully recovered from the pandemic and economic rebound in September is quite doubtful.
A vaccine is a complete solution for recovering economy and fill the gap of production cuts. The latest resurgence of covid-19 creates trouble for upcoming GDP results.
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