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2 Apr 2015
USD/CAD off highs, back to 1.2610
FXStreet (Edinburgh) - The greenback is wobbling above the 1.2600 handle post-US, CAD data on Thursday, with USD/CAD now testing the low-1.2600s.
USD/CAD lower on data
The pair briefly hit session highs around 1.2660 after the US trade deficit dropped to levels last seen in 2009 around $35.4 billion in March and the Initial Claims almost fell to levels pre-crisis to 268K in the week ended on March 20.
On the Canadian side, the trade balance figures surprised to the upside, as the trade deficit came in at $0.98 billion vs. $2.0 billion forecasted and $1.48 billion from the previous month.
USD/CAD relevant levels
At the moment the pair is down 0.09% at 1.2609 and a breakdown of 1.2584 (low Apr.2) would aim for 1.2578 (low Apr.1) and then 1.2468 (low Mar.27). On the upside, the initial hurdle aligns at 1.2657 (high Apr.2) followed by 1.2711 (high Apr.1) and finally 1.2724 (high Mar.20).
USD/CAD lower on data
The pair briefly hit session highs around 1.2660 after the US trade deficit dropped to levels last seen in 2009 around $35.4 billion in March and the Initial Claims almost fell to levels pre-crisis to 268K in the week ended on March 20.
On the Canadian side, the trade balance figures surprised to the upside, as the trade deficit came in at $0.98 billion vs. $2.0 billion forecasted and $1.48 billion from the previous month.
USD/CAD relevant levels
At the moment the pair is down 0.09% at 1.2609 and a breakdown of 1.2584 (low Apr.2) would aim for 1.2578 (low Apr.1) and then 1.2468 (low Mar.27). On the upside, the initial hurdle aligns at 1.2657 (high Apr.2) followed by 1.2711 (high Apr.1) and finally 1.2724 (high Mar.20).