Forex: USD/CAD dips to session lows
Forex pairs in this Article »
USD/CAD
FXstreet.com (Barcelona) - The Canadian dollar has accelerated its intraday appreciation agains the greenback on Thursday, as risk appetite took the lead since the opening in Asia, taking the relay left by Wall St. on Wednesday.
Data wise, CAD traders are waiting for the Ivey PMI due later, with prior surveys expect the index to fall to 59.0 during September, from 62.5
The cross would remain under pressure as the FOMC minutes are to be released during the NA session and the Canadian unemployment rate will be published tomorrow. Market participants expect the jobless rate to remain intact at 7.3%.
At the moment, USDCAD is down 0.37% at 0.9839 with the immediate support at 0.9826 (MA10d) ahead of 0.9788 (MA21d) then 0.9756 (low Sep.25) and 0.9731 (low Sep.21).
On the upside, a breakout of 0.9886 (high Oct.3) would open the gate to 0.9899 (MA55d) then 0.9919 (high Sep.5) and 0.9932 (high Aug.30/31).
Data wise, CAD traders are waiting for the Ivey PMI due later, with prior surveys expect the index to fall to 59.0 during September, from 62.5
The cross would remain under pressure as the FOMC minutes are to be released during the NA session and the Canadian unemployment rate will be published tomorrow. Market participants expect the jobless rate to remain intact at 7.3%.
At the moment, USDCAD is down 0.37% at 0.9839 with the immediate support at 0.9826 (MA10d) ahead of 0.9788 (MA21d) then 0.9756 (low Sep.25) and 0.9731 (low Sep.21).
On the upside, a breakout of 0.9886 (high Oct.3) would open the gate to 0.9899 (MA55d) then 0.9919 (high Sep.5) and 0.9932 (high Aug.30/31).
Free Annual Reports
