Overall, USD/CAD is trending downwards. Recently, USD/CAD broke below the key level of 1.29.
Yesterday, it was reported that the OPEC+ has agreed to increase oil production by 500,000 barrels-per-day starting from January 2021.
Currently, USD/CAD is moving towards the support zone of 1.28400 and the next resistance zone is at 1.30300.
Look for selling opportunities of USD/CAD if it breaks the support zone of 1.28400.
Yesterday, it was reported that the OPEC+ has agreed to increase oil production by 500,000 barrels-per-day starting from January 2021.
Currently, USD/CAD is moving towards the support zone of 1.28400 and the next resistance zone is at 1.30300.
Look for selling opportunities of USD/CAD if it breaks the support zone of 1.28400.