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13 Sep 2013
USD/CAD steady as data fails to trigger momentum
FXstreet.com (Córdoba) - The USD/CAD barely reacted to the latest string of data, which showed US retail sales grew less than expected in August and Canada capacity of utilization declined slightly in the Q2.
USD/CAD has been stuck in a narrow daily range Friday. It rose to a session high of 1.0345 during the European session, but was unable to sustain its gains. At time of writing, USD/CAD is trading at the 1.0335 zone, 0.2% above its opening price.
USD/CAD key levels
In terms of technical levels, if USD/CAD breaks above 1.0345, next resistances could be found at 1.0365 (Sep 11 high) and 1.0380 (Sep 10 high). On the flip side, supports are seen at 1.0305 (Sep 12 low) and 1.0292 (Aug 16 low).
USD/CAD has been stuck in a narrow daily range Friday. It rose to a session high of 1.0345 during the European session, but was unable to sustain its gains. At time of writing, USD/CAD is trading at the 1.0335 zone, 0.2% above its opening price.
USD/CAD key levels
In terms of technical levels, if USD/CAD breaks above 1.0345, next resistances could be found at 1.0365 (Sep 11 high) and 1.0380 (Sep 10 high). On the flip side, supports are seen at 1.0305 (Sep 12 low) and 1.0292 (Aug 16 low).