Forex: USD/CAD hovering around parity
Forex pairs in this Article »
USD/CAD
FXstreet.com (Córdoba) - The USDCAD moved slightly lower after data showed investment in Canadian securities rose more than expected in September, although the pair decline was once again contained by the 200-hour EMA around 0.9995.
At time of writing, USDCAD is quoting at the 1.0000/05 zone, where it is virtually unchanged since opening, having retreated from a high of 1.0022 scored during the European session.
From a technical view, "USDCAD fell back to parity, after price pushed higher recently. Looking from September lows, USDCAD has come a long way, without any evidence of bullish momentum slowing down", said the OANDA analyst team. "The previous bearish attempt started in late Oct was thwarted without price falling below consolidation of range 0.985 - 0.99 found back in August 2012".
At time of writing, USDCAD is quoting at the 1.0000/05 zone, where it is virtually unchanged since opening, having retreated from a high of 1.0022 scored during the European session.
From a technical view, "USDCAD fell back to parity, after price pushed higher recently. Looking from September lows, USDCAD has come a long way, without any evidence of bullish momentum slowing down", said the OANDA analyst team. "The previous bearish attempt started in late Oct was thwarted without price falling below consolidation of range 0.985 - 0.99 found back in August 2012".
Free Annual Reports
