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16 Mar 2015
USD/CAD back near 1.2800
FXStreet (Edinburgh) - After hitting the area of 1.2760, USD/CAD is now looking to regain the key barrier at 1.2800 on Monday.
USD/CAD softer on risk appetite, data
The Canadian dollar gained further traction following today’s sentiment towards the risk-associated assets. Poor US releases from Industrial Production, Capacity Utilization, NAHB index and the NY Empire State index put further selling pressure on the greenback, dragging spot to the area of 1.2760 although recovering soon afterwards.
Next on tap in the US economy will be the TIC Flows during January (-$174.8 billion prev.).
USD/CAD key levels
At the moment the pair is advancing 0.08% at 1.2796 and a breakout of 1.2825 (2015 high Mar.13) would open the door to 1.2845 (high Mar.13 2009) and then 1.2900 (psychological level). On the other hand, the immediate support lies at 1.2617 (low Mar.12) ahead of 1.2598 (low Mar.10) and finally 1.2574 (low Mar.9).
USD/CAD softer on risk appetite, data
The Canadian dollar gained further traction following today’s sentiment towards the risk-associated assets. Poor US releases from Industrial Production, Capacity Utilization, NAHB index and the NY Empire State index put further selling pressure on the greenback, dragging spot to the area of 1.2760 although recovering soon afterwards.
Next on tap in the US economy will be the TIC Flows during January (-$174.8 billion prev.).
USD/CAD key levels
At the moment the pair is advancing 0.08% at 1.2796 and a breakout of 1.2825 (2015 high Mar.13) would open the door to 1.2845 (high Mar.13 2009) and then 1.2900 (psychological level). On the other hand, the immediate support lies at 1.2617 (low Mar.12) ahead of 1.2598 (low Mar.10) and finally 1.2574 (low Mar.9).