30 Mar 2015
USD/CAD climbs to highs near 1.2650
FXStreet (Edinburgh) - The greenback keeps pushing higher vs. the Canadian dollar on Monday, lifting USD/CAD to daily highs around 1.2650.
USD/CAD attention to US docket
The pair is extending the recent breakout of the 1.2600 handle (Friday), looking to regain the 1.2650 area and beyond. Next of relevance for the pair will be US inflation figures tracked by the PCE, Pending Home Sales, Personal Income/Spending and the speech by Fed’s Fischer.
Adding to the current CAD-weakness, the barrel of WTI is hovering around the $48.00 mark, down near 1.5%.
USD/CAD levels to consider
As of writing the pair is advancing 0.31% at 1.2649 with the next resistance at 1.2700 (psychological level) ahead of 1.2724 (high Mar.20) and then 1.2757 (high Mar.19). On the flip side, a breakdown of 1.2597 (low Mar.30) would open the door to 1.2500 (psychological level) and finally 1.2468 (low Mar.27).
USD/CAD attention to US docket
The pair is extending the recent breakout of the 1.2600 handle (Friday), looking to regain the 1.2650 area and beyond. Next of relevance for the pair will be US inflation figures tracked by the PCE, Pending Home Sales, Personal Income/Spending and the speech by Fed’s Fischer.
Adding to the current CAD-weakness, the barrel of WTI is hovering around the $48.00 mark, down near 1.5%.
USD/CAD levels to consider
As of writing the pair is advancing 0.31% at 1.2649 with the next resistance at 1.2700 (psychological level) ahead of 1.2724 (high Mar.20) and then 1.2757 (high Mar.19). On the flip side, a breakdown of 1.2597 (low Mar.30) would open the door to 1.2500 (psychological level) and finally 1.2468 (low Mar.27).