Overall, USD/CAD is trending downwards.
The Canadian Building Permits m/m data (Actual: 5.7%, Forecast: TBA, Previous: 3.1% revised from 2.1%) released yesterday indicated an increase in the number of building permits issued.
Currently, USD/CAD is moving towards the support zone of 1.22400. Its next support zone is at 1.22400 and the next resistance zone is at 1.23800.
Look for selling opportunities of USD/CAD if it breaks the support zone of 1.22400.
The Canadian Building Permits m/m data (Actual: 5.7%, Forecast: TBA, Previous: 3.1% revised from 2.1%) released yesterday indicated an increase in the number of building permits issued.
Currently, USD/CAD is moving towards the support zone of 1.22400. Its next support zone is at 1.22400 and the next resistance zone is at 1.23800.
Look for selling opportunities of USD/CAD if it breaks the support zone of 1.22400.