USD/CAD: Rise In Housing Starts

<p>Canada housing starts rose to 211.7K in June, more than anticipated (198K), after 195.5K in May. From a technical point of view, on a daily chart, USD/CAD remains capped by a declining trend line drawn from Mid-March and by its 50-period moving average (in blue). Readers may therefore consider the potential for further weakness below […]</p>
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