25 Aug 2015
USD/CAD treading water around 1.3200
FXStreet (Edinburgh) - The greenback is losing ground vs. its Canadian peer on Tuesday, now taking USD/CAD to the area of 1.3200 the figure.
USD/CAD rebounds from 1.3150
The pair remains in the negative territory as the Canadian dollar continues to derive support from today’s rally in crude oil prices. In addition, US housing prices tracked by the S&P/Case-Shiller index rose 5% on a year to June, missing estimates at 5.1% albeit a tad better than the previous 4.9% advance.
Next on tap will be the Services PMI gauged by Markit followed by New Home Sales and the Richmond Fed manufacturing index.
USD/CAD levels to consider
At the moment the pair is down 0.59% at 1.3207 with the next support at 1.3144 (low Aug.25) ahead of 1.3060 (low Aug.21) followed by 1.3022 (low Aug.19). On the flip side, a breakout of 1.3300 (high Aug.25) would open the door to 1.3400 (psychological level).
USD/CAD rebounds from 1.3150
The pair remains in the negative territory as the Canadian dollar continues to derive support from today’s rally in crude oil prices. In addition, US housing prices tracked by the S&P/Case-Shiller index rose 5% on a year to June, missing estimates at 5.1% albeit a tad better than the previous 4.9% advance.
Next on tap will be the Services PMI gauged by Markit followed by New Home Sales and the Richmond Fed manufacturing index.
USD/CAD levels to consider
At the moment the pair is down 0.59% at 1.3207 with the next support at 1.3144 (low Aug.25) ahead of 1.3060 (low Aug.21) followed by 1.3022 (low Aug.19). On the flip side, a breakout of 1.3300 (high Aug.25) would open the door to 1.3400 (psychological level).