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Forex pairs in this Article » USD/CAD (Barcelona) - The Loonie is now appreciating against the greenback, dragging the cross from the proximities of 0.9875 to the actual levels in the boundaries of 0.9860

The cross is trading in a narrow range so far, as the lack of a docket in the US is weighting on the trade. Ahead in the day, the Ivey PMI will be published in the Canadian economy with market consensus expecting the headline to increase to 49.5 during December from 47.5

The cross is now losing 0.05% at 0.9863 with the next support at 0.9836 (low Jan.2) followed by 0.9832 (low Dec.18) and 0.9825 (low Dec.13).
On the upside, a break above 0.9892 (MA21d) would allow 0.9914 (MA10d) and finally 0.9943 (high Jan.2).
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