28 Apr 2015
USD/CAD flirting with 1.2100
FXStreet (Edinburgh) - The greenback is advancing marginally vs. its Canadian neighbor on Tuesday, pushing USD/CAD to the boundaries of 1.2100 the figure.
USD/CAD eyes on oil, US data
The USD dynamics and the performance of crude oil prices will continue to be the main drivers for the Canadian dollar, against a backdrop of a very light calendar this week, with the only release of relevance being the GDP figures during February (Thursday).
Of note, however, will be today’s update of the domestic economy by Governor S.Poloz and Deputy Governor C.Wilkins before the House of Commons Standing Committee on Finance.
USD/CAD significant levels
At the moment the pair is up 0.06% at 1.2093 with the next resistance at 1.2205 (high Apr.27) followed by 1.2269 (high Apr.23) and then 1.2287 (high Apr.22). On the downside, a break below 1.2088 (low Apr.17) would aim for 1.2062 (low Jan.21).
USD/CAD eyes on oil, US data
The USD dynamics and the performance of crude oil prices will continue to be the main drivers for the Canadian dollar, against a backdrop of a very light calendar this week, with the only release of relevance being the GDP figures during February (Thursday).
Of note, however, will be today’s update of the domestic economy by Governor S.Poloz and Deputy Governor C.Wilkins before the House of Commons Standing Committee on Finance.
USD/CAD significant levels
At the moment the pair is up 0.06% at 1.2093 with the next resistance at 1.2205 (high Apr.27) followed by 1.2269 (high Apr.23) and then 1.2287 (high Apr.22). On the downside, a break below 1.2088 (low Apr.17) would aim for 1.2062 (low Jan.21).