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.
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