Overall, USD/CAD is ranging across. Recently, USD/CAD trended into the resistance zone of 1.26100.

The Canadian Ivey PMI data (Actual: 72.9, Forecast: 62.0, Previous: 60.0) released yesterday indicated a strong increase in the pace of expansion in business activities in March.

Currently, USD/CAD is testing the resistance zone of 1.26100 and the next support zone is at 1.23800.
Look for selling opportunities of USD/CAD if it bounces off the resistance zone of 1.26100.


Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!

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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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