4 Mar 2015
USD/CAD keeps 1.2500 post-ADP
FXStreet (Edinburgh) - The greenback remains on the positive side after the ADP report in the US economy, with USD/CAD navigating the low.1.2500s so far.
USD/CAD firmer, eyes on BoC, ISM
The pair kept the composure after the ADP Employment report showed the US private sector added 212K jobs during February, missing the median for 220K and lower from January’s 250K (revised up from 213K).
Next of relevance for the pair will be the BoC interest rate decision and the US ISM Non Manufacturing (56.5 exp.), ahead of the Fed’s Beige Book and speeches by Fed’s George and Fischer.
USD/CAD significant levels
The pair is advancing 0.23% at 1.2519 and a break above 1.2543 (high Mar.3) would open the door to 1.2565 (high Mar.2) and finally 1.2577 (Kijun Sen). On the downside, the immediate support lies at 1.2491 (low Mar.4) followed by 1.2433 (low Mar.2) and then 1.2388 (low Feb.26).
USD/CAD firmer, eyes on BoC, ISM
The pair kept the composure after the ADP Employment report showed the US private sector added 212K jobs during February, missing the median for 220K and lower from January’s 250K (revised up from 213K).
Next of relevance for the pair will be the BoC interest rate decision and the US ISM Non Manufacturing (56.5 exp.), ahead of the Fed’s Beige Book and speeches by Fed’s George and Fischer.
USD/CAD significant levels
The pair is advancing 0.23% at 1.2519 and a break above 1.2543 (high Mar.3) would open the door to 1.2565 (high Mar.2) and finally 1.2577 (Kijun Sen). On the downside, the immediate support lies at 1.2491 (low Mar.4) followed by 1.2433 (low Mar.2) and then 1.2388 (low Feb.26).