7 Aug 2015
USD/CAD climbs to highs post-NFP
FXStreet (Edinburgh) - The Canadian dollar is now intensifying its losses vs. its American neighbour, sending USD/CAD to the upper band of the intraday range.
USD/CAD softer after US, CAD releases
Spot is advancing further after US Payrolls printed 215K during July vs. 222K forecasted and 231K previous; the jobless rate remained unchanged at 5.3%, matching estimates.
On the Canadian side, the Net Change in Employment increased by 6.6K vs. 9.9K anticipated, while the unemployment rate stayed at 6.8%, as expected.
USD/CAD key levels
At the moment the pair is up 0.27% at 1.3144 with the next resistance at 1.3199 (high Aug.5) ahead of 1.3215 (2015 high Aug.5) and finally 1.3344 (monthly high July 2004). On the other hand, a breach of 1.3103 (low Aug.4) would open the door to 1.2940 (low Jul.31) and then 1.2955 (low Jul.30).
USD/CAD softer after US, CAD releases
Spot is advancing further after US Payrolls printed 215K during July vs. 222K forecasted and 231K previous; the jobless rate remained unchanged at 5.3%, matching estimates.
On the Canadian side, the Net Change in Employment increased by 6.6K vs. 9.9K anticipated, while the unemployment rate stayed at 6.8%, as expected.
USD/CAD key levels
At the moment the pair is up 0.27% at 1.3144 with the next resistance at 1.3199 (high Aug.5) ahead of 1.3215 (2015 high Aug.5) and finally 1.3344 (monthly high July 2004). On the other hand, a breach of 1.3103 (low Aug.4) would open the door to 1.2940 (low Jul.31) and then 1.2955 (low Jul.30).