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2 Apr 2015
USD/CAD keeps the trade above 1.2600
FXStreet (Edinburgh) - The greenback is depreciating vs. its Canadian counterpart on Thursday, taking USD/CAD to the low-1.2600s at the moment.
USD/CAD lower on dollar
The offered tone remains unchanged around the US dollar today, against a backdrop of reduced activity in the global markets due to the observance of Maundy Thursday and Good Friday.
In the data front, Canadian Trade Balance figures are due ahead of US Initial Claims, Trade Balance and Factory Orders.
USD/CAD relevant levels
At the moment the pair is down 0.08% at 1.2610 and a break below 1.2588 (low Apr.2) would aim for 1.2578 (low Apr.1) and then 1.2468 (low Mar.27). On the flip side, the initial hurdle aligns at 1.2653 (low Mar.31) followed by 1.2711 (high Apr.1) and finally 1.2724 (high Mar.20).
USD/CAD lower on dollar
The offered tone remains unchanged around the US dollar today, against a backdrop of reduced activity in the global markets due to the observance of Maundy Thursday and Good Friday.
In the data front, Canadian Trade Balance figures are due ahead of US Initial Claims, Trade Balance and Factory Orders.
USD/CAD relevant levels
At the moment the pair is down 0.08% at 1.2610 and a break below 1.2588 (low Apr.2) would aim for 1.2578 (low Apr.1) and then 1.2468 (low Mar.27). On the flip side, the initial hurdle aligns at 1.2653 (low Mar.31) followed by 1.2711 (high Apr.1) and finally 1.2724 (high Mar.20).