28 Jan 2015
USD/CAD jumps above 1.2475 after Fed's decision
FXStreet (San Francisco) - The US dollar is advancing to daily highs versus its Canadian counterpart as the pair is reacting to the Federal Reserve decision to maintain unchanged interest rates at 0.25%.
The Canadian dollar has been specially sensitive today as Canada revised down employment creation in 2014.
Currently, USD/CAD is trading at 1.2478, up 0.61% on the day, having posted a daily high at 1.2484 and low at 1.2385. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/CAD levels
If the pair consolidates levels above 1.2475, it will find next resistances at 1.2500 and 1.2540. To the downside, supports are at 1.2420, 1.2380 and 1.2360.
The Canadian dollar has been specially sensitive today as Canada revised down employment creation in 2014.
Currently, USD/CAD is trading at 1.2478, up 0.61% on the day, having posted a daily high at 1.2484 and low at 1.2385. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/CAD levels
If the pair consolidates levels above 1.2475, it will find next resistances at 1.2500 and 1.2540. To the downside, supports are at 1.2420, 1.2380 and 1.2360.