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25 Jun 2013
USD/CAD back to 1.0500 after US data
FXstreet.com (Córdoba) - The US dollar strengthened across the board, with USD/CAD erasing intraday losses after US durable goods orders came in stronger than expected.
USD/CAD erases intraday losses
USD/CAD extended its recovery on the data and regained the 1.0500 mark, erasing losses on the way. At time of writing, USD/CAD is trading at the 1.0505 zone, where it is virtually unchanged since opening.
In terms of technical levels, next resistances are seen at 1.0525 (daily high) and 1.0555 (Jun 25 high), while supports could be faced at 1.0455 (daily low) and 1.0400 (psychological level/100-hour SMA).
Separated US data showed housing prices rose more than expected in April, having not to much effect on the USD.
USD/CAD erases intraday losses
USD/CAD extended its recovery on the data and regained the 1.0500 mark, erasing losses on the way. At time of writing, USD/CAD is trading at the 1.0505 zone, where it is virtually unchanged since opening.
In terms of technical levels, next resistances are seen at 1.0525 (daily high) and 1.0555 (Jun 25 high), while supports could be faced at 1.0455 (daily low) and 1.0400 (psychological level/100-hour SMA).
Separated US data showed housing prices rose more than expected in April, having not to much effect on the USD.