13 Jul 2015
USD/CAD off highs, near 1.2700
FXStreet (Edinburgh) - After climbing to session tops in the mid-1.2700s, USD/CAD is now returning to the 1.2700 neighbourhood.
USD/CAD stronger after Greek deal
The pair has gathered further steam following news that the EU institutions and Greece have finally come to an agreement early in the European morning. Despite there is still a long way to go, both parties have initially agreed in the most conflicting issues, paving the way for a potential third-bailout in the medium term.
Absent publications in the US and Canada, next event risk will be tomorrow’s US Retail Sales and the BoC monetary policy meeting due on Wednesday.
USD/CAD key levels
At the moment the pair is up 0.46% at 1.2715 with the next hurdle at 1.2747 (high Jul.13) ahead of 1.2779 (high Jul.7) and then 1.2784 (high Mar.31). On the downside, a break below 1.2680 (low Jul.13) would aim for 1.2662 (low Jul.10) and finally1.2537 (low Jul.3).
USD/CAD stronger after Greek deal
The pair has gathered further steam following news that the EU institutions and Greece have finally come to an agreement early in the European morning. Despite there is still a long way to go, both parties have initially agreed in the most conflicting issues, paving the way for a potential third-bailout in the medium term.
Absent publications in the US and Canada, next event risk will be tomorrow’s US Retail Sales and the BoC monetary policy meeting due on Wednesday.
USD/CAD key levels
At the moment the pair is up 0.46% at 1.2715 with the next hurdle at 1.2747 (high Jul.13) ahead of 1.2779 (high Jul.7) and then 1.2784 (high Mar.31). On the downside, a break below 1.2680 (low Jul.13) would aim for 1.2662 (low Jul.10) and finally1.2537 (low Jul.3).