26 May 2015
USD/CAD clinches 1.2400 and above
FXStreet (Edinburgh) - The greenback extends its bid tone on Tuesday, now lifting USD/CAD to session tops beyond 1.2400 the figure.
USD/CAD higher on US data
Spot saw its uptrend accelerated after US core Durable Goods Orders expanded 0.5% from March to April vs. 0.4% initially forecasted, while headline orders contracted 0.5% on a monthly basis. In addition, house prices gauged by the S&P/Case-Shiller index rose 5.0% on a year to March, surpassing expectations.
Ahead in the session, New Home Sales, Consumer Confidence and the Dallas Fed manufacturing index area all due. On the Canadian side, the BoC wil hold its monetary policy meeting on Wednesday.
USD/CAD key levels
The pair is now gaining 0.77% at 1.2412 with the next hurdle at 1.2500 (psychological level) 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 higher on US data
Spot saw its uptrend accelerated after US core Durable Goods Orders expanded 0.5% from March to April vs. 0.4% initially forecasted, while headline orders contracted 0.5% on a monthly basis. In addition, house prices gauged by the S&P/Case-Shiller index rose 5.0% on a year to March, surpassing expectations.
Ahead in the session, New Home Sales, Consumer Confidence and the Dallas Fed manufacturing index area all due. On the Canadian side, the BoC wil hold its monetary policy meeting on Wednesday.
USD/CAD key levels
The pair is now gaining 0.77% at 1.2412 with the next hurdle at 1.2500 (psychological level) 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).