Singapore
2020-08-11 17:33
Market analysisUSD/CAD Outlook (11 August 2020)
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Market analysis:
Overall, USD/CAD is trending downwards. Recently, USD/CAD moved into the support zone of 1.33500.
The Canadian Housing Starts data (Forecast: 208K, Previous: 212K) will be released later at 2015 (SGT).
Currently, USD/CAD is testing the support zone of 1.33500 and the next resistance zone is at 1.35100.
Look for selling opportunities of USD/CAD if it breaks the support zone of 1.33500.
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USD/CAD Outlook (11 August 2020)
Singapore | 2020-08-11 17:33
Overall, USD/CAD is trending downwards. Recently, USD/CAD moved into the support zone of 1.33500.
The Canadian Housing Starts data (Forecast: 208K, Previous: 212K) will be released later at 2015 (SGT).
Currently, USD/CAD is testing the support zone of 1.33500 and the next resistance zone is at 1.35100.
Look for selling opportunities of USD/CAD if it breaks the support zone of 1.33500.
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