Filed Under:
Forex pairs in this Article » USD/CAD (Barcelona) - The USDCAD has had a very narrow trading range today, operating in a 26-pip consolidation between 1.0000 and 1.0026. After the publication of some upbeat US data, the pair was seen trading negatively and settling at 1.0011/13, down -0.07% Thursday during the onset of American trading. Concerning the CAD, the price of crude has also staged a recovery, negotiating a value of USD $93.27 in these moments.

In the United States, Initial Jobless Claims (February 10) have come in at only 341K, against a consensus of 360K. In addition, Continuing Jobless Claims (February 3) were reported at 3.114M, against estimates calling for 3.200M.

Briefing the technicals, the analyst team points to supports at 1.0005, 0.9980 and finally 0.9940. On the positive side, a break above 1.0030 will trigger resistances at 1.0055 and 1.0088.
comments powered by Disqus