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Forex pairs in this Article » USD/CAD (Barcelona) - The USDCAD has been virtually unchanged since the start of American trading Monday. With the advent of fresh economic data out of Canada, the cross finally showed some minor signs of movement, falling into negative territory and trading near session lows (0.9857). At the time of writing, the pair is in the region of 0.9857/61, down -0.04%

In Canada, the Ivey Purchasing Managers Index (December) yielded a figure of 43.1, from 46.4 in the previous month. Moreover, the Ivey Purchasing Managers Index s.a. came in at 52.8 in December, against a consensus of 49.5, and compared with 47.5 previously.

The technical analyst team at analysts cites the following resistances at 0.9881 onto 0.9956, and finally 0.9989. In the event of a break lower or prolonged pullback, the USDCAD will face supports at 0.9839 followed by 0.9806, down to 0.9764.
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