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1 Apr 2015
USD/CAD around 1.2650 on US, CAD data
FXStreet (Edinburgh) - USD/CAD posted little reaction following the manufacturing gauges in Canada and the US, currently hovering over the mid-1.2600s.
USD/CAD indifferent on data
The pair kept the composure after the Canadian manufacturing PMI tracked by RBC ticked higher to 48.9 during March vs. 48.7 previous. In the same direction, Markit’s manufacturing PMI in the US economy advanced to 55.7 in the same period vs. 55.1 from the previous month.
Next on tap will be the more relevant ISM Manufacturing aheadof the weekly report on crude oil inventories by EIA.
USD/CAD levels to consider
As of writing the pair is retreating 0.21% at 1.2659 and a breakdown of 1.2612 (Kijun Sen) would target 1.2600 (psychological level). On the other hand, the initial hurdle aligns at 1.2800 (high Jan.30) ahead of 1.2835 (2015 high Mar.18) and then 1.2845 (high Mar.13 2009).
USD/CAD indifferent on data
The pair kept the composure after the Canadian manufacturing PMI tracked by RBC ticked higher to 48.9 during March vs. 48.7 previous. In the same direction, Markit’s manufacturing PMI in the US economy advanced to 55.7 in the same period vs. 55.1 from the previous month.
Next on tap will be the more relevant ISM Manufacturing aheadof the weekly report on crude oil inventories by EIA.
USD/CAD levels to consider
As of writing the pair is retreating 0.21% at 1.2659 and a breakdown of 1.2612 (Kijun Sen) would target 1.2600 (psychological level). On the other hand, the initial hurdle aligns at 1.2800 (high Jan.30) ahead of 1.2835 (2015 high Mar.18) and then 1.2845 (high Mar.13 2009).