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15 May 2015
USD/CAD eases from highs
FXStreet (Edinburgh) - The greenback is recovering its shine on Friday, now pushing USD/CAD to session highs near 1.2040.
USD/CAD eyes US, CAD data
The ongoing upside in spot will be put to the test later on today, in light of the US releases: Capacity Utilization, Industrial Production, Reuters/Michigan index and the Empire State gauge. On the Canadian side, Portfolio Investment figures and Manufacturing Shipments are also due.
In addition, crude oil prices are extending its negative momentum today, collaborating with extra weakness around the Canadian dollar.
USD/CAD levels to watch
At the moment the pair is gaining 0.32% at 1.2021 with the next hurdle at 1.2034 (high May 15) ahead of 1.2107 (high May 12) and then 1.2200 (psychological level). On the other hand, a breakdown of 1.1920 (low May 14) would open the door to 1.1900 (psychological level) and then 1.1836 (low Jan.12).
USD/CAD eyes US, CAD data
The ongoing upside in spot will be put to the test later on today, in light of the US releases: Capacity Utilization, Industrial Production, Reuters/Michigan index and the Empire State gauge. On the Canadian side, Portfolio Investment figures and Manufacturing Shipments are also due.
In addition, crude oil prices are extending its negative momentum today, collaborating with extra weakness around the Canadian dollar.
USD/CAD levels to watch
At the moment the pair is gaining 0.32% at 1.2021 with the next hurdle at 1.2034 (high May 15) ahead of 1.2107 (high May 12) and then 1.2200 (psychological level). On the other hand, a breakdown of 1.1920 (low May 14) would open the door to 1.1900 (psychological level) and then 1.1836 (low Jan.12).