USD/CAD stumbles from weekly highs, set to finish the week below 1.3050 – by christianborjon USDCAD Majors Macroeconomics Technical Analysis
. The calendar will be packed on the US front, Housing Starts, Building Permits, Existing Home Sales, Initial Jobless Claims, and July’s S&P Global PMIs.USD/CAD Price Analysis: Technical outlook
Therefore, the USD/CAD first support will be 1.3000. A break below will send the pair sliding towards July 13 low at 1.2936, followed by a push lower to the 50-day moving average at 1.2862. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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