2020-08-12 18:18
Market analysisUSD/CAD Outlook (12 August 2020)
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Market analysis：
Overall, USD/CAD is trending downwards. Recently, USD/CAD broke the support zone of 1.33500.
The Canadian Housing Starts data (Actual: 246K, Forecast: 208K, Previous: 212K) released yesterday indicated an increase in the number of residential buildings that began construction.
Currently, USD/CAD is testing the resistance zone of 1.33500 and the next support zone is at 1.31800.
Look for selling opportunities of USD/CAD if it bounces of the resistance zone of 1.33500.
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USD/CAD Outlook (12 August 2020)
Singapore | 2020-08-12 18:18Overall, USD/CAD is trending downwards. Recently, USD/CAD broke the support zone of 1.33500.
The Canadian Housing Starts data (Actual: 246K, Forecast: 208K, Previous: 212K) released yesterday indicated an increase in the number of residential buildings that began construction.
Currently, USD/CAD is testing the resistance zone of 1.33500 and the next support zone is at 1.31800.
Look for selling opportunities of USD/CAD if it bounces of the resistance zone of 1.33500.
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