13 Feb 2015
USD/CAD advances above 1.2500
FXStreet (Edinburgh) - The greenback is recovering part of the ground lost to its fellow neighbour on Thursday, now pushing USD/CAD to the low-1.2500s.
USD/CAD eyes on oil, US data
The pair is so far succeeding in keeping the trade above the 1.2500 mark at the end of the week, with the Canadian dollar shedding some of the recent gains in spite of the rebound in crude oil prices to the $52.00 neighbourhood.
Ahead in the day, December Manufacturing Shipments are due in Canada (1.0% MoM exp.), while the Reuters/Michigan Sentiment index and Export/Import Prices are due in the US economy.
USD/CAD levels to consider
At the moment the pair is gaining 0.22% at 1.2517 with the next resistance at 1.2646 (high Feb.12) ahead of 1.2700 (psychological level) and finally 1.2772 (high Feb.2). On the other hand, a breach of 1.2451 (low Feb.10) would open the door to 1.2439 (low Feb.12) and then 1.2428 (low Feb.9).
USD/CAD eyes on oil, US data
The pair is so far succeeding in keeping the trade above the 1.2500 mark at the end of the week, with the Canadian dollar shedding some of the recent gains in spite of the rebound in crude oil prices to the $52.00 neighbourhood.
Ahead in the day, December Manufacturing Shipments are due in Canada (1.0% MoM exp.), while the Reuters/Michigan Sentiment index and Export/Import Prices are due in the US economy.
USD/CAD levels to consider
At the moment the pair is gaining 0.22% at 1.2517 with the next resistance at 1.2646 (high Feb.12) ahead of 1.2700 (psychological level) and finally 1.2772 (high Feb.2). On the other hand, a breach of 1.2451 (low Feb.10) would open the door to 1.2439 (low Feb.12) and then 1.2428 (low Feb.9).