17 Aug 2015
USD/CAD printing highs near 1.3150
FXStreet (Edinburgh) - The greenback continues to inch higher vs. its Canadian peer on Monday, lift USD/CAD to session tops in the mid-1.3100s.
USD/CAD attention to US data
The pair is now looking to consolidate the recent break above the critical 1.3100 barrier during the Asian trading hours, extending the bullish tone of the greenback seen last Friday.
Next of importance in the pair will be the Housing Market index tracked by NAHB, preceding the Empire State manufacturing index and the TIC flows. The US dollar continue to gather traction following the recent positive results in the domestic economy, fuelled at the same time by renewed market expectations of a potential Fed’s lift-off in September.
USD/CAD levels to consider
At the moment the pair is advancing 0.44% at 1.3147 with the next hurdle at 1.3159 (high Aug.12) ahead of 1.3183 (high Aug.10) and then 1.3197 (high Aug.6). On the other hand, a breakdown of 1.3090 (low Aug.17) would open the door to 1.3043 (low Aug.14) and finally 1.2957 (low Aug.13).
USD/CAD attention to US data
The pair is now looking to consolidate the recent break above the critical 1.3100 barrier during the Asian trading hours, extending the bullish tone of the greenback seen last Friday.
Next of importance in the pair will be the Housing Market index tracked by NAHB, preceding the Empire State manufacturing index and the TIC flows. The US dollar continue to gather traction following the recent positive results in the domestic economy, fuelled at the same time by renewed market expectations of a potential Fed’s lift-off in September.
USD/CAD levels to consider
At the moment the pair is advancing 0.44% at 1.3147 with the next hurdle at 1.3159 (high Aug.12) ahead of 1.3183 (high Aug.10) and then 1.3197 (high Aug.6). On the other hand, a breakdown of 1.3090 (low Aug.17) would open the door to 1.3043 (low Aug.14) and finally 1.2957 (low Aug.13).