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25 Sep 2015
USD/CAD in the range after data, around 1.3330
FXStreet (Edinburgh) - USD/CAD remained around the 1.3320/30 band following today’s releases in the US economy.
USD/CAD consolidative around 1.3350
The pair has kept the composure despite the US economy has expanded more than initially anticipated during the second quarter, 3.9% vs. 3.7% forecasted. Further upbeat data saw inflation figures gauged by the Core PCE rising at an annual pace of 1.9%, also bettering prior surveys.
Ahead in the session, Markit’s Services PMI is due next followed by the sentiment gauge measured by the Reuters/Michigan index and speeches by Fed’s E.George and J.Bullard.
USD/CAD levels to consider
The pair is now up 0.17% at 1.3329 with the next hurdle at 1.3356 (high Sep.25) followed by 1.3418 (high Sep.24) and then 1.3495 (high Jun.29 2004). On the other hand, a breach of 1.3303 (low Sep.25) would aim for 1.3233 (low Sep.23) and finally 1.3216 (low Sep.22).
USD/CAD consolidative around 1.3350
The pair has kept the composure despite the US economy has expanded more than initially anticipated during the second quarter, 3.9% vs. 3.7% forecasted. Further upbeat data saw inflation figures gauged by the Core PCE rising at an annual pace of 1.9%, also bettering prior surveys.
Ahead in the session, Markit’s Services PMI is due next followed by the sentiment gauge measured by the Reuters/Michigan index and speeches by Fed’s E.George and J.Bullard.
USD/CAD levels to consider
The pair is now up 0.17% at 1.3329 with the next hurdle at 1.3356 (high Sep.25) followed by 1.3418 (high Sep.24) and then 1.3495 (high Jun.29 2004). On the other hand, a breach of 1.3303 (low Sep.25) would aim for 1.3233 (low Sep.23) and finally 1.3216 (low Sep.22).