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USD/CAD settles at 1.0350/51 after jobless claims in US

FXstreet.com (Barcelona) - Relative to other G10 currency pairs, the USD/CAD has been relatively docile Thursday, devoid of a massive selloff or jump that was endemic with other respective exchanges.

Briefing the technicals, the pair is now trading at 1.0350/51 on the heels of economic data in the United States. This data includes, Initial Jobless Claims (May 17) came in at 340K, against expectations of 345K, and compared with 360K. In addition, Continuing Jobless Claims (May 11) were reported at 2.912M, beating a projection of 3.000M.

At the time of writing, the USD/CAD has fallen just -0.15% Thursday at the onset of US trading. Mataf.net analysts point to the next level of supportive correction for the USD/CAD at 1.0295, then 1.0204, and finally 1.0158. On the ascension, resistive structures will initiate at 1.0432, ahead of 1.0478, and finally 1.0569.

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