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22 May 2015
USD/CAD approaching 1.2200
FXStreet (Edinburgh) - The greenback is trading almost unchanged vs. its Canadian peer on Friday, with USD/CAD flirting with the 1.2200 handle.
USD/CAD focus on US, CAD inflation
The pair continues to consolidate around the 1.2200 mark this week, following the rebound from last week’s troughs in the 1.1900 neighbourhood. The better tone from the US dollar in the first half of the week allowed an extension of the bounce, although it has lost impetus in the last sessions.
Ahead in the day, inflation figures in Canada and the US will be the main highlights followed by the speech by Chairwoman J.Yellen.
USD/CAD significant levels
As of writing the pair is losing 0.01% at 1.2198 with the next support at 1.2171 (low May 22) ahead of 1.2130 (low May 19) and followed by 1.2000 (psychological level). On the flip side, a surpass of 1.2256 (high May 20) would allow 1.2269 (high Apr.23) and then 1.2287 (high Apr.22).
USD/CAD focus on US, CAD inflation
The pair continues to consolidate around the 1.2200 mark this week, following the rebound from last week’s troughs in the 1.1900 neighbourhood. The better tone from the US dollar in the first half of the week allowed an extension of the bounce, although it has lost impetus in the last sessions.
Ahead in the day, inflation figures in Canada and the US will be the main highlights followed by the speech by Chairwoman J.Yellen.
USD/CAD significant levels
As of writing the pair is losing 0.01% at 1.2198 with the next support at 1.2171 (low May 22) ahead of 1.2130 (low May 19) and followed by 1.2000 (psychological level). On the flip side, a surpass of 1.2256 (high May 20) would allow 1.2269 (high Apr.23) and then 1.2287 (high Apr.22).