Back
11 Jun 2013
USD/CAD establishing fresh highs at 1.0245/51
FXstreet.com (Barcelona) - The USD/CAD foreign exchange recovered off of its losses, gradually inching higher across European trading Tuesday to notch fresh highs in these moments.
Presently, the USD/CAD pair is settling in the heights of at 1.0245/51, entrenched in positive territory at +0.51% in these moments. The data wires look awfully thin moving forward today, which will likely rule out some data-induced movement.
USD/CAD at crossroads
“The USD/CAD trading is limited between 1.0215 and 1.0165 levels represented in 50% and 61.8% correction and this tight sideways range, which forces us to remain neutral today waiting for new confirmation signals.” The Technical Analyst team at ICN.com.
USD/CAD faces neutral intraday outlook
According to Gareth Berry, a Research Analyst at UBS, “The recent sharp USD/CAD sell-off tested support at 1.0169, a closing break below this would be negative, triggering a deeper sell-off to 1.0120 and then 1.0027. Meanwhile, resistance is at 1.0224, suggesting a neutral intraday outlook.”
Presently, the USD/CAD pair is settling in the heights of at 1.0245/51, entrenched in positive territory at +0.51% in these moments. The data wires look awfully thin moving forward today, which will likely rule out some data-induced movement.
USD/CAD at crossroads
“The USD/CAD trading is limited between 1.0215 and 1.0165 levels represented in 50% and 61.8% correction and this tight sideways range, which forces us to remain neutral today waiting for new confirmation signals.” The Technical Analyst team at ICN.com.
USD/CAD faces neutral intraday outlook
According to Gareth Berry, a Research Analyst at UBS, “The recent sharp USD/CAD sell-off tested support at 1.0169, a closing break below this would be negative, triggering a deeper sell-off to 1.0120 and then 1.0027. Meanwhile, resistance is at 1.0224, suggesting a neutral intraday outlook.”