OctaFX | OctaFX Forex Broker
Open trading account

USD/CAD reaching into higher grounds

FXStreet (Guatemala) - USD/CAD is trading at 1.1150, up 0.37% on the day, having posted a daily high at 1.1156 and low at 1.1090.

With the market backing the greenback yet again on further evidence that the US economy is performing and meeting the requirements set by Yellen for a timely rate hike, the USD/CAD has indeed fallen suit to the market conditions favorable of the US dollar and is sitting pretty up into the higher end of the 1.1 handle claimed earlier this week.

USD/CAD note worthy levels

Current price is 1.1150, with resistance ahead at 1.1156, 1.1173 (Daily Classic R2), 1.1197 (Weekly Classic R2), 1.1216 (Daily Classic R3) and 1.1244 (Annual High). Next support to the downside can be found at 1.1141 (Daily Classic R1), 1.1129, 1.1117 (Hourly 20 EMA) and 1.1110 (Monthly High).

USD/CAD bears tempered – TDS

Analysts at TD Securities explained that next week will start with an empty data board in Canada, however…
Read more Previous

ECB: No bones made for weaker EUR - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that the ECB has made no bones about a weaker euro.
Read more Next
Start livechat