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8 May 2015
USD/CAD approaches 1.2100
FXStreet (Edinburgh) - After a quick knee-jerk to the 1.2040 region, USD/CAD has now returned to the area of 1.2100 following US Non-farm Payrolls and Canadian data.
USD/CAD back from 1.2150
Volatility around the pair seems to have eased a tad now, with spot looking to stabilize below the 1.2100 handle following the releases in Canada and the US. It is worth recalling that the US economy created 223K jobs during the last month, in line with expectations, whereas the employment in Canada decreased more than anticipated by 19.7K vs. a forecasted drop of 5K.
USD/CAD key levels
At the moment the pair is down 33% at 1.2087 a breach of 1.2033 (low May 7) would open the door to 1.1940 (low May 6) and finally 1.1934 (low Jan.19). On the other direction, the initial up barrier lies at 1.2164 (high May 7) ahead of 1.2180 (high May 4) and then 1.2205 (high Apr.27).
USD/CAD back from 1.2150
Volatility around the pair seems to have eased a tad now, with spot looking to stabilize below the 1.2100 handle following the releases in Canada and the US. It is worth recalling that the US economy created 223K jobs during the last month, in line with expectations, whereas the employment in Canada decreased more than anticipated by 19.7K vs. a forecasted drop of 5K.
USD/CAD key levels
At the moment the pair is down 33% at 1.2087 a breach of 1.2033 (low May 7) would open the door to 1.1940 (low May 6) and finally 1.1934 (low Jan.19). On the other direction, the initial up barrier lies at 1.2164 (high May 7) ahead of 1.2180 (high May 4) and then 1.2205 (high Apr.27).