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USD/CAD muted post-CPI

FXStreet (Edinburgh) - The Canadian dollar almost ignored today’s data releases, with the USD/CAD retaining the 1.1245/40 band.

USD/CAD remains in session lows

Spot kept the composure and the narrow range after inflation figures in the Canadian economy in general matched previous estimates during September: headline consumer prices rose at an annual pace of 2.0% and 0.1% inter-month, while the Core reading tracked by the BoC gained 2.1% over the last twelve months and 0.2% on a monthly basis. Next of note for the pair in the US docket will be a gauge of investors’ sentiment measured by the Reuters/Michigan index.

USD/CAD significant levels

At the moment the pair is retreating 0.17% at 1.1238 facing the next support at 1.1205 (23.6% of 1.0620-1.1385) ahead of 1.1200 (psychological level) and then 1.1190 (low Oct.14). On the upside, a surpass of 1.1360 (high Oct.16) would target 1.1385 (2014 high Oct.16) en route to 1.1400 (psychological level).

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