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27 Jan 2015
USD/CAD eases further to 1.2430
FXStreet (Edinburgh) - The greenback extends its intraday slide vs. its Canadian counterpart, pushing USD/CAD to the 1.2430 area.
USD/CAD hurt by US data
The pair is suffering the slump from the US Durable Goods Orders during December, contracting further than expected 3.4%; excluding the Transportation sector, orders also contracted 0.8%, vs. previous revised results at -2.1% and -1.3%, respectively. Next on tap will be Markit’s Services/Composite PMI, New Home Sales and Consumer Confidence.
USD/CAD levels to consider
At the moment the pair is retreating 0.06% at 1.2454 and drop below 1.2360 (low Jan.23) would open the door to 1.2315 (low Jan.22) and finally 1.2200 (psychological level). On the upside, the initial barrier lies at 1.2502 (2015 high Jan.27) ahead of 1.2507 (high Apr.21 2009) and then 1.2600 (psychological level).
USD/CAD hurt by US data
The pair is suffering the slump from the US Durable Goods Orders during December, contracting further than expected 3.4%; excluding the Transportation sector, orders also contracted 0.8%, vs. previous revised results at -2.1% and -1.3%, respectively. Next on tap will be Markit’s Services/Composite PMI, New Home Sales and Consumer Confidence.
USD/CAD levels to consider
At the moment the pair is retreating 0.06% at 1.2454 and drop below 1.2360 (low Jan.23) would open the door to 1.2315 (low Jan.22) and finally 1.2200 (psychological level). On the upside, the initial barrier lies at 1.2502 (2015 high Jan.27) ahead of 1.2507 (high Apr.21 2009) and then 1.2600 (psychological level).