Back
9 Apr 2015
USD/CAD keeps the trade near 1.2550
FXStreet (Edinburgh) - The greenback trades with marginal losses vs. the Canadian dollar on Thursday, with USD/CAD hovering over the mid-1.2500s.
USD/CAD focus on US, CAD data
The pair remains almost unchanged today, consolidating the recent break above the 1.2500 mark. Ahead in the session, US Initial Claims will be in the highlight while Building Permits will be the main release in Canada.
A recovery in crude oil prices after yesterday’s sharp sell off is giving some support to the Canadian dollar today, alleviating the upside pressure around spot.
USD/CAD levels to watch
At the moment the pair is retreating 0.04% at 1.2540 with the next support at 1.2468 (low Mar.27) followed by 1.2455 (low Apr.7) and finally 1.2430 (low Apr.3). On the flip side, a breakout of 1.2574 (high Apr.3) would expose 1.2578 (low Apr.1) and then 1.2600 (psychological level).
USD/CAD focus on US, CAD data
The pair remains almost unchanged today, consolidating the recent break above the 1.2500 mark. Ahead in the session, US Initial Claims will be in the highlight while Building Permits will be the main release in Canada.
A recovery in crude oil prices after yesterday’s sharp sell off is giving some support to the Canadian dollar today, alleviating the upside pressure around spot.
USD/CAD levels to watch
At the moment the pair is retreating 0.04% at 1.2540 with the next support at 1.2468 (low Mar.27) followed by 1.2455 (low Apr.7) and finally 1.2430 (low Apr.3). On the flip side, a breakout of 1.2574 (high Apr.3) would expose 1.2578 (low Apr.1) and then 1.2600 (psychological level).