15 Jun 2015
USD/CAD eases to 1.2340
FXStreet (Edinburgh) - After being rejected at session tops near 1.2360, USD/CAD is now hovering over the 1.2345.40 band.
USD/CAD muted post-data
The pair practically ignored recent data from the US and Canada, showing that the regional manufacturing gauge by the Empire State index dropped to -1.98 for the current month, while Canadian Manufacturing Shipments sunk 2.1% from March to April, reverting the previous 2.9% advance.
Next on tap will be the more relevant US Capacity Utilization, Industrial Production and NAHB index.
USD/CAD key levels
At the moment the pair is up 0.13% at 1.2336 and a break above 1.2362 (high Jun.15) would aim for 1.2442 (high Jun.9) and then 1.2473 (high Jun.8). On the other hand, the immediate support aligns at 1.2301 (low Jun.15) followed by 1.2279 (low Jun.12) and finally 1.2253 (low Jun.11).
USD/CAD muted post-data
The pair practically ignored recent data from the US and Canada, showing that the regional manufacturing gauge by the Empire State index dropped to -1.98 for the current month, while Canadian Manufacturing Shipments sunk 2.1% from March to April, reverting the previous 2.9% advance.
Next on tap will be the more relevant US Capacity Utilization, Industrial Production and NAHB index.
USD/CAD key levels
At the moment the pair is up 0.13% at 1.2336 and a break above 1.2362 (high Jun.15) would aim for 1.2442 (high Jun.9) and then 1.2473 (high Jun.8). On the other hand, the immediate support aligns at 1.2301 (low Jun.15) followed by 1.2279 (low Jun.12) and finally 1.2253 (low Jun.11).