12 Dec 2013
USD/CAD jumps above 1.0620 after US and Canada data
FXstreet.com (San Francisco) - The US dollar is currently trading higher against its Canadian counterpart as the USD/CAD has jumped around 70 pips in the latest couple of hours to break above 1.0615 and reach fresh intra-day high at 1.0635.
The USD/CAD found solid support at 1.0560 in the European session and after mix data in US and overall better than expected in Canada the pair extended gains above previous daily highs at 1.0595. now the pair is trading at new highs.
USD/CAD bias
Currently, the USD/CAD is trading at 1.0660, 0.30% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com in the 1-hour chart. CCI and Momentum are pointing to the north while the Stochastic and the CCI are neutral.
The USD/CAD would face next resistances at 1.0645, 1.0665 and 1.0700. On the downside, supports are at 1.0615, 1.0585 and 1.0560.
The USD/CAD found solid support at 1.0560 in the European session and after mix data in US and overall better than expected in Canada the pair extended gains above previous daily highs at 1.0595. now the pair is trading at new highs.
USD/CAD bias
Currently, the USD/CAD is trading at 1.0660, 0.30% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com in the 1-hour chart. CCI and Momentum are pointing to the north while the Stochastic and the CCI are neutral.
The USD/CAD would face next resistances at 1.0645, 1.0665 and 1.0700. On the downside, supports are at 1.0615, 1.0585 and 1.0560.