Forex: USD/CAD climbs to highs around 1.0045/50

The Canadian dollar has quickly depreciated against the greenback on Friday, pushing the cross to levels in the boundaries of 1.0050 after the Canadian shipments contracted 3.1% during December, below expectations and November’s print.

At the moment, the cross is advancing 0.30% en 1.0040 and a surpass of 1.0044 (high Feb.13) would expose 1.0079 (Upper Bollinger) en route to 1.0088 (high Feb.12).
On the downside, support levels line up at 1.0002 (MA10d) ahead of 0.9995 (MA21d) and finally 0.9992 (MA200d).