Overall, USD/CAD is ranging across. Recently, USD/CAD bounced up from the key level of 1.27.
The Canadian Housing Starts data (Actual: 231K, Forecast: 253K, Previous: 238K revised from 236K) released yesterday indicated that new residential building that began construction continues to increase in January.
The Canadian CPI m/m data (Forecast: 0.6%, Previous: -0.1%) will be released later at 2130 (GMT+8).
Bank of Canada committee member Lane will be speaking tomorrow at 0230 (GMT+8). During this time, there may be volatility in CAD.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD.
The Canadian Housing Starts data (Actual: 231K, Forecast: 253K, Previous: 238K revised from 236K) released yesterday indicated that new residential building that began construction continues to increase in January.
The Canadian CPI m/m data (Forecast: 0.6%, Previous: -0.1%) will be released later at 2130 (GMT+8).
Bank of Canada committee member Lane will be speaking tomorrow at 0230 (GMT+8). During this time, there may be volatility in CAD.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD.
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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.