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Forex: USD/CAD mute at 1.0085/90 after US data

January 28, 2013 | Filed Under »
Forex pairs in this Article » USD/CAD
FXstreet.com (Barcelona) - The cross remained almost indifferent after the US Durable Goods Orders exceeded expectations during December, rising 4.6% on a monthly basis vs. forecasts at 1.0%. Excluding the transportation sector, orders rose 1.3%, lower than November's +1.6%.

As of writing, the pair is up 0.21% at 1.0087 and a break above 1.0106 (high Jul.27) would aim for 1.0132 (low Jul.23) and then 1.0135 (61.8% of 1.0446-0.9633).
On the downside, support levels lie at 1.0077 (high Aug.3) ahead of 1.0057 (high Nov.16) and finally 1.0036 (high Jan.24).
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