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16 Sep 2015
USD/CAD upside stalled at 1.3250
FXStreet (Edinburgh) - After dropping to the area of 1.3210 in early trade, USD/CAD has attempted a bounce although the recovery lost impetus around the mid-1.3200s.
USD/CAD focus on US CPI
The pair is posting marginal losses today, extending the selling mood from yesterday’s drop while keeping at the same time the broader consolidative range seen in last sessions.
Ahead in the session, US inflation figures will take centre stage, with consensus expecting a solid reading, albeit their collaboration with a potential rate hike by the Fed tomorrow remains uncertain. Further releases comprise the NAHB index and TIC flows.
USD/CAD levels to consider
At the moment the pair is losing 0.13% at 1.3230 with the next support at 1.3207 (low Sep.16) ahead of 1.3154 (low Sep.9) and then 1.3116 (low Aug.31). On the upside, a break above 1.3261 (high Sep.16) would aim for 1.3290 (high Sep.10) and finally 1.3310 (high Sep.8).
USD/CAD focus on US CPI
The pair is posting marginal losses today, extending the selling mood from yesterday’s drop while keeping at the same time the broader consolidative range seen in last sessions.
Ahead in the session, US inflation figures will take centre stage, with consensus expecting a solid reading, albeit their collaboration with a potential rate hike by the Fed tomorrow remains uncertain. Further releases comprise the NAHB index and TIC flows.
USD/CAD levels to consider
At the moment the pair is losing 0.13% at 1.3230 with the next support at 1.3207 (low Sep.16) ahead of 1.3154 (low Sep.9) and then 1.3116 (low Aug.31). On the upside, a break above 1.3261 (high Sep.16) would aim for 1.3290 (high Sep.10) and finally 1.3310 (high Sep.8).