USDCAD wandering around the Support Zone

USDCAD Support Analysis

USDCAD is wandering around the support zone from last few days.

Let’s wait for the confirmation of breakout or reversal.

USDCAD remains in Narrow range of 1.30 level as Oil prices continue to climb higher.

This support for Oil nation Canada to cushion for boosting Canadian dollar prices. Monday fixed an OPEC+ meeting for increasing output of 2 million barrels per day in January.

Let’s wait for the crude oil movement to see the direction of “Canadian Dollar”.

 

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