CAD: Current correction is coming to an end – RBC CM

In view of analysts at RBC Capital Markets, a key long-term support trendline at 1.3160 remains nearby, with a close above resistance at 1.3341 required to suggest that the current correction is coming to an end.

Key Quotes

“RBC is above consensus for today’s December housing starts release, looking for a print of 200K (cons. 191K). November building permits data will also be released, with the consensus looking for a 5%m/m decline.”