30 Apr 2015
USD/CAD in highs near 1.2060
FXStreet (Edinburgh) - The greenback is now picking up pace vs. its neighbour following the positive results in the US docket, taking USD/CAD to the 1.2060 area, or session tops.
USD/CAD firmer on data
Spot is trading on a better mood following the auspicious releases from the US Initial Claims, dropping to 262K from 296K in the week ended on April 24th, bettering consensus at 290K. On the Canadian side, GDP figures showed the economy expanded at a flat pace during February, albeit coming up from the previous 0.1% monthly contraction.
Spot is posting gains for the first time in the week, extending the rebound from yesterday’s post-US GDP lows near 1.1940.
USD/CAD significant levels
At the moment the pair is up 0.28% at 1.2053 and a surpass of 1.2074 (high Apr.29) would open the door to 1.2116 (high Apr.28) and finally 1.2205 (high Apr.27). On the downside, the immediate support aligns at 1.1998 (low Apr.30) ahead of 1.1945 (low Apr.29) and then 1.1940 (low Jan.20).
USD/CAD firmer on data
Spot is trading on a better mood following the auspicious releases from the US Initial Claims, dropping to 262K from 296K in the week ended on April 24th, bettering consensus at 290K. On the Canadian side, GDP figures showed the economy expanded at a flat pace during February, albeit coming up from the previous 0.1% monthly contraction.
Spot is posting gains for the first time in the week, extending the rebound from yesterday’s post-US GDP lows near 1.1940.
USD/CAD significant levels
At the moment the pair is up 0.28% at 1.2053 and a surpass of 1.2074 (high Apr.29) would open the door to 1.2116 (high Apr.28) and finally 1.2205 (high Apr.27). On the downside, the immediate support aligns at 1.1998 (low Apr.30) ahead of 1.1945 (low Apr.29) and then 1.1940 (low Jan.20).