Forex: USD/CAD erases gains
Forex pairs in this Article »
USD/CAD
FXstreet.com (Barcelona) - The Asian session upside was capped around 0.9990 and retraced the USDCAD gains back to 0.9970 area. The cross is eyeing the downside now as the greenback weakens on improved sentiment coming from Europe.
German Chancellor Merkel blamed the lack of financial regulation for the crisis and it's not going to be solved that soon. She believes and agreement on Greek aid will be made on Monday, but Greece must stick to its reforms.
Ahead, the US will have jobless claims and Markit Manufacturing PMI. The week started with the USDCAD falling back below parity on the conflict in the Middle East.
Mataf.net analysts point to resistance at 0.9990, 1.0025 and 1.0055. On the downside, supports might be found at 0.9955, 0.9935 and 0.9910.
German Chancellor Merkel blamed the lack of financial regulation for the crisis and it's not going to be solved that soon. She believes and agreement on Greek aid will be made on Monday, but Greece must stick to its reforms.
Ahead, the US will have jobless claims and Markit Manufacturing PMI. The week started with the USDCAD falling back below parity on the conflict in the Middle East.
Mataf.net analysts point to resistance at 0.9990, 1.0025 and 1.0055. On the downside, supports might be found at 0.9955, 0.9935 and 0.9910.
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