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2 Mar 2015
USD/CAD regains 1.2500
FXStreet (Edinburgh) - After a brief dip to the vicinity of 1.2470, USD/CAD is now advancing beyond the 1.2500 key barrier on Monday.
USD/CAD attention to the US ISM
The pair is now recovering ground lost following the drop from overnight highs above 1.2525 to 1.2470, despite the disappointing US Personal Income/Spending during January. Ahead in the session, the more relevant ISM Manufacturing and the PMI tracked by Markit will take centre stage.
In Canada, February’s manufacturing PMI gauged by RBC is also due (51.0 prev.) ahead of the speech by Philly Fed’s Plosser.
USD/CAD relevant levels
At the moment the pair is advancing 0.03% at 1.2508 with the initial hurdle at 1.2530 (high Feb.27) ahead of 1.2535 (high Feb.25) and finally 1.2577 (Kijun Sen). On the other hand, a drop below 1.2449 (low Feb.27) would open the door to 1.2388 (low Feb.26) and then 1.2360 (low Feb.17).
USD/CAD attention to the US ISM
The pair is now recovering ground lost following the drop from overnight highs above 1.2525 to 1.2470, despite the disappointing US Personal Income/Spending during January. Ahead in the session, the more relevant ISM Manufacturing and the PMI tracked by Markit will take centre stage.
In Canada, February’s manufacturing PMI gauged by RBC is also due (51.0 prev.) ahead of the speech by Philly Fed’s Plosser.
USD/CAD relevant levels
At the moment the pair is advancing 0.03% at 1.2508 with the initial hurdle at 1.2530 (high Feb.27) ahead of 1.2535 (high Feb.25) and finally 1.2577 (Kijun Sen). On the other hand, a drop below 1.2449 (low Feb.27) would open the door to 1.2388 (low Feb.26) and then 1.2360 (low Feb.17).