Lower than expected Canada housing starts bullish for USDCAD
Housing starts declined in Canada in October. Will the USDCAD rise?
The price chart on 1-hour timeframe shows USDCAD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is rising. The RSI oscillator is above 50 level but has not reached the overbought zone.
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Technical Analysis Summary
|Buy stop||Above 1.3204|
|Stop loss||Below 1.3184|
Market Analysis provided by IFCMarkets