US housing is beginning to pick up, despite high rates.
Technical analysis on fundamental charts is stupid but this is a case where we will see some consolidation and then an upside breakout, especially if the Fed offers a helping hand.
![US building permits](https://images.forexlive.com/images/US%20building%20permits_id_503de0eb-fd93-417f-a84d-98d3e033c8ec_original.jpg)
US building permits