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1 Apr 2015
USD/CAD advances through 1.2700
FXStreet (Edinburgh) - The US dollar has recovered from the initial negative start, now pushing USD/CAD above the 1.2700 handle.
USD/CAD back above 1.2700
The pair found decent support around the 1.2640 region overnight, with the dollar gaining ground since then towards current daily peaks around 1.2710. Ahead in the session, the US ADP Employment report is due ahead of the more significant ISM Manufacturing.
Prior surveys expect the US private sector to have created 225K jobs during March and the manufacturing gauge to have eased to 52.5 from 52.9.
USD/CAD levels to consider
As of writing the pair is advancing 0.16% at 1.2707 with the next resistance at 1.2800 (high Jan.30) ahead of 1.2835 (2015 high Mar.18) and then 1.2845 (high Mar.13 2009). On the flip side, a breakdown of 1.2672 (low Mar.31) would open the door to 1.2612 (Kijun Sen) and finally 1.2600 (psychological level).
USD/CAD back above 1.2700
The pair found decent support around the 1.2640 region overnight, with the dollar gaining ground since then towards current daily peaks around 1.2710. Ahead in the session, the US ADP Employment report is due ahead of the more significant ISM Manufacturing.
Prior surveys expect the US private sector to have created 225K jobs during March and the manufacturing gauge to have eased to 52.5 from 52.9.
USD/CAD levels to consider
As of writing the pair is advancing 0.16% at 1.2707 with the next resistance at 1.2800 (high Jan.30) ahead of 1.2835 (2015 high Mar.18) and then 1.2845 (high Mar.13 2009). On the flip side, a breakdown of 1.2672 (low Mar.31) would open the door to 1.2612 (Kijun Sen) and finally 1.2600 (psychological level).