FXStreet (Edinburgh) - The Canadian dollar is giving away part of its initial gains vs. its American counterpart on Thursday, taking USD/CAD to the 1.3270/80 band.
USD/CAD attention to US docket
The pair is advancing for the first time in the week, managing to bounce off the 1.3220 handle although a sustainable break above the 1.3300 mark still remains elusive.
Ahead in the session, US Initial Claims are due later although the more relevant developments will come from the Fedspeak, as Yellen, Bullard, Dudley, Lacker and Fischer are all due to speak later.
USD/CAD levels to consider
As of writing, the pair is up 0.07% at 1.3274 with the next hurdle at 1.3317 (high Nov.6) ahead of 1.3355 (high Aug.25) and then 1.3458 (high Sep.29). On the flip side, a break below 1.3182 (55-day sma) would open the door to 1.3069 (61.8% Fibo of 1.3459-1.2827) and finally 1.2996 (5-month uptrend).
For more information, read our latest forex news.
No comments:
Post a Comment