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USD CAD Technical Analysis - USD CAD Trading: 2019-11-08
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.
Technical Analysis Summary
Order | Buy |
Buy stop | Above 1.3204 |
Stop loss | Below 1.3184 |
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