19 Feb 2015
USD/CAD reaches fresh 1-week highs
FXStreet (Córdoba) - USD/CAD pushed a tad higher and reached fresh weekly highs above 1.2550 at the beginning of the New York session.
USD/CAD extended gains to a high of 1.2552, last seen Feb 12, as the greenback remained firm following better-than-expected US jobless claims data. Meanwhile, the loonie has been under pressure on Thursday tracking oil prices, which have lost nearly 3%. At time of writing, the pair is trading at 1.2533, recording a 0.63% gain on the day.
USD/CAD levels to watch
As for technical levels, USD/CAD could find next resistances at 1.2552 (daily high), 1.2571 (Feb 11 low) and 1.2600 (psychological level). On the flip side, supports are seen at 1.2500 (psychological level/21-day SMA) and 1.2435 (daily low).
USD/CAD extended gains to a high of 1.2552, last seen Feb 12, as the greenback remained firm following better-than-expected US jobless claims data. Meanwhile, the loonie has been under pressure on Thursday tracking oil prices, which have lost nearly 3%. At time of writing, the pair is trading at 1.2533, recording a 0.63% gain on the day.
USD/CAD levels to watch
As for technical levels, USD/CAD could find next resistances at 1.2552 (daily high), 1.2571 (Feb 11 low) and 1.2600 (psychological level). On the flip side, supports are seen at 1.2500 (psychological level/21-day SMA) and 1.2435 (daily low).