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19 Feb 2013
Forex: USD/CAD keeps highs after Canadian data
The cross remains in session highs on Tuesday, after the Canadian Wholesale Sales during December contracted more than expected, falling 0.9% MoM vs. -0.4%. Continuing with the results, Canadian residents diminished their holdings of foreign securities to $5.47 billion in December from $8.1 billion in the previous month.
At the moment, the pair is advancing 0.23% at 1.0130 with the next resistance at 1.0132 (low Jul.23) ahead of 1.0135 (61.8% of 1.0446-0.9633) and then 1.0200 (psychological level).
On the downside, a breach of 1.0055 (low Feb.18) would expose 1.0035 (MA10d) and then 1.0015 (MA21d).
At the moment, the pair is advancing 0.23% at 1.0130 with the next resistance at 1.0132 (low Jul.23) ahead of 1.0135 (61.8% of 1.0446-0.9633) and then 1.0200 (psychological level).
On the downside, a breach of 1.0055 (low Feb.18) would expose 1.0035 (MA10d) and then 1.0015 (MA21d).