Overall, USD/CAD is trending downwards.
The Canadian Housing Starts data (Actual: 236K, Forecast: 279K, Previous: 304K revised from 301K) released yesterday indicated a slowdown in the number of new residential buildings that began construction last December.
The Canadian CPI y/y data (Forecast: -0.1%, Previous: 0.2%) will be released later at 2130 (GMT+8).
Currently, USD/CAD is testing to break below the key level of 1.25. Its next support zone is at 1.24500 and its next resistance zone is at 1.26100.
Look for short-term buying opportunities of USD/CAD if it bounces up from the key level of 1.25.
The Canadian Housing Starts data (Actual: 236K, Forecast: 279K, Previous: 304K revised from 301K) released yesterday indicated a slowdown in the number of new residential buildings that began construction last December.
The Canadian CPI y/y data (Forecast: -0.1%, Previous: 0.2%) will be released later at 2130 (GMT+8).
Currently, USD/CAD is testing to break below the key level of 1.25. Its next support zone is at 1.24500 and its next resistance zone is at 1.26100.
Look for short-term buying opportunities of USD/CAD if it bounces up from the key level of 1.25.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.