The size of the Fed’s next expected rate hike is expected to depend on consumer price inflation and jobs data for August, which will be released before its September meeting.

As long as the USDCAD price stays above 1.2864, the daily resistance level can be seen at 1.2942. On the other hand, If the price drops below 1.2864, we will see the support level at 1.2772

Support: 1.2864 - 1.2772 - 1.2536
Resistance: 1.2942

18 Aug 22 (Thu)

06:19 am