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6 Feb 2015
USD/CAD in fresh highs post-Payrolls
FXStreet (Edinburgh) - The greenback is now intensifying its rebound vs. the Canadian dollar, lifting USD/CAD to test the upper end of the intraday range.
USD/CAD boosted by NFP results
The pair is reverting its initial downside following the positive results from the US Payrolls during January, coming in at 257K vs. 234K forecasted and the jobless rate at 5.7%, below market consensus. In addition, releases in the Canadian docket showed the Employment increased by 35.4K vs. 4.5K initially forecasted and the unemployment rate ticked lower to 6.6%.
USD/CAD key levels
At the moment the pair is up 0.57% at 1.2496 and a breakout of 1.2591 (high Feb.4) would clear the way to the psychological handle at 1.2600 and finally 1.2645 (high Feb.3). On the downside, the immediate support lies at 1.2390 (low Feb.4) and then 1.2353 (low Feb.3).
USD/CAD boosted by NFP results
The pair is reverting its initial downside following the positive results from the US Payrolls during January, coming in at 257K vs. 234K forecasted and the jobless rate at 5.7%, below market consensus. In addition, releases in the Canadian docket showed the Employment increased by 35.4K vs. 4.5K initially forecasted and the unemployment rate ticked lower to 6.6%.
USD/CAD key levels
At the moment the pair is up 0.57% at 1.2496 and a breakout of 1.2591 (high Feb.4) would clear the way to the psychological handle at 1.2600 and finally 1.2645 (high Feb.3). On the downside, the immediate support lies at 1.2390 (low Feb.4) and then 1.2353 (low Feb.3).