18 Jun 2015
USD/CAD around lows on US data
FXStreet (Edinburgh) - The US dollar continues its march south on Thursday, relegating USD/CAD to session lows in the 1.2140 region.
USD/CAD weaker on poor US CPI
The pair lost some extra pips following the weaker data from the US inflation figures, with headline consumer prices coming in flat on a year to May and rising 1.7% on a yearly basis vs. 1.8% forecasted. Further data showed Initial Claims coming on the positive side, dropping more that estimated to 267K in the week ended on June 12th.
Ahead in the session, the regional manufacturing survey by the Philly Fed is due preceding the Leading Indicator tracked by the Conference Board.
USD/CAD levels to consider
At the moment the pair is down 0.68% at 1.2144 with the next support at 1.2126 (low May 19) ahead of 1.1982 (low May 15) and finally 1.1920 (low May 14). On the flip side, a break above 1.2238 (high Jun.18) would aim for 1.2242 (Kijun Sen) and then 1.2253 (low Jun.11).
USD/CAD weaker on poor US CPI
The pair lost some extra pips following the weaker data from the US inflation figures, with headline consumer prices coming in flat on a year to May and rising 1.7% on a yearly basis vs. 1.8% forecasted. Further data showed Initial Claims coming on the positive side, dropping more that estimated to 267K in the week ended on June 12th.
Ahead in the session, the regional manufacturing survey by the Philly Fed is due preceding the Leading Indicator tracked by the Conference Board.
USD/CAD levels to consider
At the moment the pair is down 0.68% at 1.2144 with the next support at 1.2126 (low May 19) ahead of 1.1982 (low May 15) and finally 1.1920 (low May 14). On the flip side, a break above 1.2238 (high Jun.18) would aim for 1.2242 (Kijun Sen) and then 1.2253 (low Jun.11).