Data on the real estate sector in Canada.
The real estate sector is one of the most important in almost all countries of the world and has a significant impact on the development of the country’s economy.
- According to published data, the number of building permits in Canada in November fell by -7.7%, against the growth in the previous period at 4.4%, which puts some pressure on the Canadian currency.
- In turn, the reduction of the Canadian against the US dollar may be limited, due to the positive dynamics of oil prices and the weakening of the American. More See “The dollar fell due to the China’s statement“
Technical analysis: The pair USD/CAD moves in a predominantly flat with a resistance at 1.2475 and support at 1.2410, 1.2385.
The main recommendations. In case of further growth of the pair and fixing the price above 1.2490, it is worth considering the purchase of the instrument with a growth potential to the level of 1.2565. Also, the purchase should be considered from the levels of 1,2410; 1.2385. It is worth noting that the decision on trade should be made after the publication of data on oil and petroleum products in the US.
Fig. USD/CAD. The current price is $ 1.2470.
Alexander Sivtsov