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23 Jun 2015
USD/CAD ticks higher near 1.2350
FXStreet (Edinburgh) - The greenback is appreciating vs. its Canadian neighbour on Tuesday, pushing USD/CAD to the vicinity of 1.2350.
USD/CAD looks to US data
The pair is extending its upbeat momentum during the first half of the week propped up by a firmer bid tone around the US dollar, as optimism on a Greek deal seems to have eased somewhat.
Ahead in the session the pair will remain under pressure in light of significant releases in the US: New Home Sales, Markit’s Manufacturing PMI and Durable Goods Orders.
USD/CAD levels to consider
At the moment the pair is up 0.26% at 1.2346 and a breakout of 1.2360 (high Jun.15) would aim for 1.2442 (high Jun.9) and then 1.2472 (high Jun.8). On the other hand, the immediate support lines up at 1.2307 (low Jun.23) ahead of 1.2127 (low Jun.18) and finally 1.2072 (76.4% of 1.1920-1.2563).
USD/CAD looks to US data
The pair is extending its upbeat momentum during the first half of the week propped up by a firmer bid tone around the US dollar, as optimism on a Greek deal seems to have eased somewhat.
Ahead in the session the pair will remain under pressure in light of significant releases in the US: New Home Sales, Markit’s Manufacturing PMI and Durable Goods Orders.
USD/CAD levels to consider
At the moment the pair is up 0.26% at 1.2346 and a breakout of 1.2360 (high Jun.15) would aim for 1.2442 (high Jun.9) and then 1.2472 (high Jun.8). On the other hand, the immediate support lines up at 1.2307 (low Jun.23) ahead of 1.2127 (low Jun.18) and finally 1.2072 (76.4% of 1.1920-1.2563).