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13 Jun 2013
USD/CAD settles at 1.0168 support
FXstreet.com (New York) - The USD/CAD foreign exchange has faced fierce selling pressure Thursday, plunging to the depths of 1.0148 (intraday low), before staging a modest recovery.
Afternoon data on tap for USD/CAD
Presently, the USD/CAD pair is settling in a 1.0168, entrenched in negative territory at -0.41% in these moments. Later today at 12:30 GMT, a tranche of economic data out of the United States and Canada will certainly influence the pair.
USD/CAD neutrality persists
“The USD/CAD failed once again to exit the trading range between 50% and 61.8% correction at 1.0215 and 1.0165. Prolonged stability between those levels forces us to be neutral again, whereas the pair should confirm trading outside the range before determining the intraday trend.” warns the Technical Analyst team at ICN.com.
Mataf.net analysts point to the propensity for short-term supports at 1.0166, then 1.0130, and finally 1.0104. On the ascension, resistive measures are found at 1.0228, then 1.0254, and ultimately 1.0290.
Afternoon data on tap for USD/CAD
Presently, the USD/CAD pair is settling in a 1.0168, entrenched in negative territory at -0.41% in these moments. Later today at 12:30 GMT, a tranche of economic data out of the United States and Canada will certainly influence the pair.
USD/CAD neutrality persists
“The USD/CAD failed once again to exit the trading range between 50% and 61.8% correction at 1.0215 and 1.0165. Prolonged stability between those levels forces us to be neutral again, whereas the pair should confirm trading outside the range before determining the intraday trend.” warns the Technical Analyst team at ICN.com.
Mataf.net analysts point to the propensity for short-term supports at 1.0166, then 1.0130, and finally 1.0104. On the ascension, resistive measures are found at 1.0228, then 1.0254, and ultimately 1.0290.