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21 Apr 2015
USD/CAD eases from 1.2280
FXStreet (Edinburgh) - The US dollar is deflating from session highs vs. its Canadian peer on Tuesday, sending USD/CAD to the area of 1.2230.
USD/CAD supported at 1.2100
The pair managed to rebound from last week’s pullback to levels just below the 1.2100 handle following the speech by Governor S.Poloz, although the recovery seems to have run out of legs around 1.2280 posted in early trade.
Ahead in the week, there are no scheduled releases in Canada, whereas US housing sector, Markit’s manufacturing PMI and Durable Goods Orders will take centre stage in the US docket.
USD/CAD significant levels
At the moment the pair is up 0.13% at 1.2239 with the next hurdle at 1.2282 (high Apr.21) followed by 1.2300 (psychological level) and then 1.2328 (high Apr.16). On the flip side, a breakdown of 1.2180 (low Apr.20) would aim for 1.2100 (psychological level) and then 1.2087 (low Apr.17).
USD/CAD supported at 1.2100
The pair managed to rebound from last week’s pullback to levels just below the 1.2100 handle following the speech by Governor S.Poloz, although the recovery seems to have run out of legs around 1.2280 posted in early trade.
Ahead in the week, there are no scheduled releases in Canada, whereas US housing sector, Markit’s manufacturing PMI and Durable Goods Orders will take centre stage in the US docket.
USD/CAD significant levels
At the moment the pair is up 0.13% at 1.2239 with the next hurdle at 1.2282 (high Apr.21) followed by 1.2300 (psychological level) and then 1.2328 (high Apr.16). On the flip side, a breakdown of 1.2180 (low Apr.20) would aim for 1.2100 (psychological level) and then 1.2087 (low Apr.17).