10 Mar 2015
USD/CAD consolidating above 1.2600
FXStreet (Edinburgh) - The US dollar keeps the appreciation intact vs. its neighbor on Tuesday, with USD/CAD advancing beyond 1.2600 the figure.
USD/CAD firmer on USD, oil
The pair extends its bullishness vs. its main competitors during the first half of the week, backed by the accelerated bid tone in the US dollar following the last report from the US labour market.
Collaborating with the upside in spot, the barrel of West Texas Intermediate is back below the $50.00/bbl mark, adding selling pressure to the CAD.
USD/CAD important levels
At the moment the pair is up 0.32% at 1.2644 with the next hurdle at 1.2662 (high Feb.24) followed by 1.2697 (high Feb.11) and then 1.2700 (psychological level). On the downside, a break below 1.2598 (low Mar.10) would aim for 1.2574 (low Mar.9) and finally 1.2565 (high Mar.2).
USD/CAD firmer on USD, oil
The pair extends its bullishness vs. its main competitors during the first half of the week, backed by the accelerated bid tone in the US dollar following the last report from the US labour market.
Collaborating with the upside in spot, the barrel of West Texas Intermediate is back below the $50.00/bbl mark, adding selling pressure to the CAD.
USD/CAD important levels
At the moment the pair is up 0.32% at 1.2644 with the next hurdle at 1.2662 (high Feb.24) followed by 1.2697 (high Feb.11) and then 1.2700 (psychological level). On the downside, a break below 1.2598 (low Mar.10) would aim for 1.2574 (low Mar.9) and finally 1.2565 (high Mar.2).