The U.S. dollar was higher than the Canadian dollar on Tuesday after the liberation of Canadian data on housing starts.
USD / CAD was trading at 0.9964, up 0.34% at the time of writing.
USD / CAD was trading at 0.9964, up 0.34% at the time of writing.
The pair was likely to find support at 0.9829, lower level Thursday, and resistance at 0.9987, the highest level Monday.
Early today, official data showed that the Canadian Housing Starts rose unexpectedly to 245K in the previous month from 215K in the month before the change number and dropped from 216K
Experts expect the money on the Canadian housing Starts to fall to 204K in the previous month.
At the same time, the U.S. dollar rose against the euro and British pound, and the EUR / USD falls 0.33% to reach 1.3009 and GBP / USD falls 0.34% to reach 1.6136.
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