USD/CAD consolidating above 1.2600

FXStreet (Edinburgh) - The US dollar keeps the appreciation intact vs. its neighbor on Tuesday, with USD/CAD advancing beyond 1.2600 the figure.

USD/CAD firmer on USD, oil

The pair extends its bullishness vs. its main competitors during the first half of the week, backed by the accelerated bid tone in the US dollar following the last report from the US labour market.

Collaborating with the upside in spot, the barrel of West Texas Intermediate is back below the $50.00/bbl mark, adding selling pressure to the CAD.

USD/CAD important levels

At the moment the pair is up 0.32% at 1.2644 with the next hurdle at 1.2662 (high Feb.24) followed by 1.2697 (high Feb.11) and then 1.2700 (psychological level). On the downside, a break below 1.2598 (low Mar.10) would aim for 1.2574 (low Mar.9) and finally 1.2565 (high Mar.2).

USD/CAD to remain capped at 1.2695/1.27 in the near-term - TDS

With USD/CAD’s fair value remaining below the spot rate, Shaun Osborne, Chief FX Strategist at TD Securities, views that the pair might remain capped around 1.2695/1.27 area in the near-term.
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USD/CHF retreats from fresh 2 month highs

USD/CHF seems to have wiped out almost all losses suffered from EUR/CHF peg removal and was trading very close to parity ahead of US open, with possible tests of this level soon.
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