Currency trading session of USD/CAD traded within the series of 1.0752-1.0826 and closed at 1.0758. USD/CAD was losing 0.2% for the day to trade at 1.0736. The pair affected a everyday low at 1.0717, breaking the first key support.
Fundamental view
The National Association of Realtors (NAR) will report on present home sales in the United States during May. The existing home sales probably jumped 2.2% to an annualized pace of 4.74 million components in May from a month since. In April compared to March, existing home sales rose 1.3% to an annualized level of 4.65 million. The sample of data includes condos, co-ops and single-family houses.
Technical view
In case USD/CAD manages to breach the leading resistance level at 1.0805, it will perhaps continue up to test 1.0853. In case the second key confrontation is broken, the pair will probably attempt to advance to 1.0879.
If USD/CAD manages to breach the first key support at 1.0731, it will probably remain to slide and test 1.0705. With this second key support broken, the movement to the downside will probably continue to 1.0657.
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