25 May 2015
USD/CAD keeps the trade sub-1.2300
FXStreet (Edinburgh) - The greenback is posting marginal gains vs. its Canadian neighbour on Monday, with USD/CAD navigating the upper-1.2200s so far.
USD/CAD attention to US data, BoC
The buoyant tone in the greenback extends into the beginning of this week, in spite of the pair correcting lower from recent multi-week’s tops in the 1.2320 area. Absent data today, market participants will turn their attention to the speech of S.Fischer and L.Mester, while US Durable Goods Orders and the BoC’s monetary policy meeting will be the main highlights in the upcoming sessions.
USD/CAD key levels
The pair is now gaining 0.09% at 1.2290 with the next hurdle at 1.2327 (high Apr.16) followed by 1.2570 (high Apr.15) and finally1.2602 (high Apr.14). On the flip side, a breach of 1.2200 (psychological level) would expose 1.2173 (low May 22) and then 1.2170 (low May 20).
USD/CAD attention to US data, BoC
The buoyant tone in the greenback extends into the beginning of this week, in spite of the pair correcting lower from recent multi-week’s tops in the 1.2320 area. Absent data today, market participants will turn their attention to the speech of S.Fischer and L.Mester, while US Durable Goods Orders and the BoC’s monetary policy meeting will be the main highlights in the upcoming sessions.
USD/CAD key levels
The pair is now gaining 0.09% at 1.2290 with the next hurdle at 1.2327 (high Apr.16) followed by 1.2570 (high Apr.15) and finally1.2602 (high Apr.14). On the flip side, a breach of 1.2200 (psychological level) would expose 1.2173 (low May 22) and then 1.2170 (low May 20).