5 Jun 2015
USD/CAD stabilized around 1.2520
FXStreet (Edinburgh) - The greenback is consolidating vs. its Canadian counterpart on Friday, with USD/CAD sidelining in the low-1.2500s.
USD/CAD cautious ahead of US, CAD data
The pair has managed to regain the 1.2500 handle and is now looking to keep the trade around the 1.2520/25 band ahead of critical data in both US and Canadian economies.
US Non-farm Payrolls are expected at 225K during May, while the unemployment rate is seen at 5.4%. On the Canadian side, the Net Change in Employment is expected to have increased by 10.0K during the same period and the jobless rate is observed at 6.8%.
USD/CAD key levels
At the moment the pair is advancing 0.17% at 1.2523 and a surpass of 1.2532 (high Jun.5) would aim for 1.2537 (high Jun.2) and then 1.2600 (psychological level). On the downside, the immediate support lines up at 1.2481 (low Jun.5) followed by 1.2433 (low Jun.4) and finally 1.2382 (low Jun.3).
USD/CAD cautious ahead of US, CAD data
The pair has managed to regain the 1.2500 handle and is now looking to keep the trade around the 1.2520/25 band ahead of critical data in both US and Canadian economies.
US Non-farm Payrolls are expected at 225K during May, while the unemployment rate is seen at 5.4%. On the Canadian side, the Net Change in Employment is expected to have increased by 10.0K during the same period and the jobless rate is observed at 6.8%.
USD/CAD key levels
At the moment the pair is advancing 0.17% at 1.2523 and a surpass of 1.2532 (high Jun.5) would aim for 1.2537 (high Jun.2) and then 1.2600 (psychological level). On the downside, the immediate support lines up at 1.2481 (low Jun.5) followed by 1.2433 (low Jun.4) and finally 1.2382 (low Jun.3).