19 Jul 2013
EUR/CAD trading above 1.3600 level after Canadian CPI
FXstreet.com (New York) - The EUR/CAD technical cross is trading positively Friday, with Canadian economic data providing an impetus for short-term movement.
In Canada, the Consumer Price Index (YoY) rose +1.2% in June, in line with expectations. Moreover, the Consumer Price Index (MoM) yielded no change in June, missing estimates of +0.1%. Finally the BoC Consumer Price Index Core (MoM and YoY) was reported at -0.2% in June (vs. projections of -0.1%), and +1.3% in June (matching a consensus) respectively.
EUR/CAD technical bias
Presently, the EUR/CAD is now navigating the area of 1.3624 on the heels of Canadian data. Briefing the technical levels, the Mataf.net analyst team points to resistances at 1.3658, onto 1.3718 and finally 1.3754.
In Canada, the Consumer Price Index (YoY) rose +1.2% in June, in line with expectations. Moreover, the Consumer Price Index (MoM) yielded no change in June, missing estimates of +0.1%. Finally the BoC Consumer Price Index Core (MoM and YoY) was reported at -0.2% in June (vs. projections of -0.1%), and +1.3% in June (matching a consensus) respectively.
EUR/CAD technical bias
Presently, the EUR/CAD is now navigating the area of 1.3624 on the heels of Canadian data. Briefing the technical levels, the Mataf.net analyst team points to resistances at 1.3658, onto 1.3718 and finally 1.3754.