9 Mar 2015
USD/CAD toying with 1.2600
FXStreet (Edinburgh) - The greenback is losing some of its shine vs. the Canadian dollar on Monday, with USD/CAD coming down from overnight peaks around 1.2630.
USD/CAD supported at 1.2570
The pair is regaining traction after dropping to intraday lows in the boundaries of 1.2570, looking to break above the 1.2600 handle on a sustained basis.
In the data sphere, Canadian Housing Starts increased at a seasonally adjusted 156.3K on a year to February, missing both forecasts and the previous print at 179.0K and 187.0K, respectively. Ahead in the session, US Labor Market Conditions Index is due in light of the recent US Payrolls figures.
USD/CAD important levels
At the moment the pair is down 0.04% at 1.2606 and a break below 1.2576 (low Mar.9) would target 1.2565 (high Mar.2) en route to 1.2549 (high Mar.4). On the upside, the initial hurdle lines up at 1.2627 (high Mar.6) followed by 1.2662 (high Feb.24) and then 1.2697 (high Feb.11).
USD/CAD supported at 1.2570
The pair is regaining traction after dropping to intraday lows in the boundaries of 1.2570, looking to break above the 1.2600 handle on a sustained basis.
In the data sphere, Canadian Housing Starts increased at a seasonally adjusted 156.3K on a year to February, missing both forecasts and the previous print at 179.0K and 187.0K, respectively. Ahead in the session, US Labor Market Conditions Index is due in light of the recent US Payrolls figures.
USD/CAD important levels
At the moment the pair is down 0.04% at 1.2606 and a break below 1.2576 (low Mar.9) would target 1.2565 (high Mar.2) en route to 1.2549 (high Mar.4). On the upside, the initial hurdle lines up at 1.2627 (high Mar.6) followed by 1.2662 (high Feb.24) and then 1.2697 (high Feb.11).