USD/CAD Outlook (17th October 2019)

Overall, USD/CAD is ranging across. Recently, USD/CAD is trending downwards.

Yesterday, The Canadian CPI data released was worse than forecasted.
• CPI m/m (Actual: -0.4%, Forecast: -0.3%, Previous: -0.1%)

USD/CAD’s next support level is at 1.31500 and the next resistance level of 1.33300.