Technical Analysis USDCAD : 2019-11-08

Lower than expected Canada housing starts bullish for USDCAD

Housing starts declined in Canada in October. Will the USDCAD rise?

USDCAD rising above MA(200)

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.

Technical Analysis Summary

OrderBuy
Buy stop Above 1.3204
Stop lossBelow 1.3184

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