Back
20 Apr 2015
USD/CAD flat-lining around 1.2200
FXStreet (Edinburgh) - The greenback remains on the back footing vs. its Canadian counterpart at the beginning of the week, with USD/CAD flirting with the 1.2200 handle.
USD/CAD focus on US data, Poloz
After briefly dipping to levels sub-1.2100 on Friday, posting fresh multi-month lows at the same time, the pair managed to regain the 1.2200 handle although the upside seems capped around 1.2270.
Very light session ahead in the US and Canada, with only the Chicago Fed National Activity index and the speech by Governor Stephen Poloz due.
USD/CAD significant levels
At the moment the pair is losing 0.36% at 1.2201 and a breakdown of 1.2100 (psychological level) would aim for 1.2087 (low Apr.17) and finally 1.2062 (high Jan.19). On the upside, the initial hurdle lines up at 1.2235 (high Apr.2) followed by 1.2272 (high Apr.17) and then 1.2300 (psychological level).
USD/CAD focus on US data, Poloz
After briefly dipping to levels sub-1.2100 on Friday, posting fresh multi-month lows at the same time, the pair managed to regain the 1.2200 handle although the upside seems capped around 1.2270.
Very light session ahead in the US and Canada, with only the Chicago Fed National Activity index and the speech by Governor Stephen Poloz due.
USD/CAD significant levels
At the moment the pair is losing 0.36% at 1.2201 and a breakdown of 1.2100 (psychological level) would aim for 1.2087 (low Apr.17) and finally 1.2062 (high Jan.19). On the upside, the initial hurdle lines up at 1.2235 (high Apr.2) followed by 1.2272 (high Apr.17) and then 1.2300 (psychological level).