1 May 2015
USD/CAD clinches 1.2100
FXStreet (Edinburgh) - The greenback is posting modest gains vs. its Canadian neighbour on Friday, taking USD/CAD to the vicinity of 1.2100 the figure.
USD/CAD focus on US calendar
The pair is advancing for the second consecutive session so far, managing to surpass the 1.2100 handle and posting session highs at the same time. Next on tap for the pair will be RBC’s Manufacturing PMI in Canada, followed by ISM Manufacturing, Markit’s PMI and the Reuters/Michigan index in the US economy.
A softer tone in crude oil prices today is removing some support from the Canadian dollar, which keeps shedding gains after the recent peaks vs. the USD near 1.1940.
USD/CAD significant levels
At the moment the pair is up 0.31% at 1.2115 and a surpass of 1.2125 (Tenkan Sen) would open the door to 1.2134 (high Apr.30) and finally 1.2205 (high Apr.27). On the downside, the immediate support aligns at 1.1998 (low Apr.30) ahead of 1.1945 (low Apr.29) and then 1.1940 (low Jan.20).
USD/CAD focus on US calendar
The pair is advancing for the second consecutive session so far, managing to surpass the 1.2100 handle and posting session highs at the same time. Next on tap for the pair will be RBC’s Manufacturing PMI in Canada, followed by ISM Manufacturing, Markit’s PMI and the Reuters/Michigan index in the US economy.
A softer tone in crude oil prices today is removing some support from the Canadian dollar, which keeps shedding gains after the recent peaks vs. the USD near 1.1940.
USD/CAD significant levels
At the moment the pair is up 0.31% at 1.2115 and a surpass of 1.2125 (Tenkan Sen) would open the door to 1.2134 (high Apr.30) and finally 1.2205 (high Apr.27). On the downside, the immediate support aligns at 1.1998 (low Apr.30) ahead of 1.1945 (low Apr.29) and then 1.1940 (low Jan.20).