5 Jun 2015
USD/CAD wobbles around 1.2500
FXStreet (Edinburgh) - The greenback is now alternating gains with losses vs. the Canadian dollar on Friday, with USD/CAD gyrating around the 1.2500 mark.
USD/CAD upside capped at 1.2560
Outstanding figures from the Canadian labour market have initially dragged spot to the area of session lows in the mid-1.2400s, although a stellar print from US Payrolls pushed harder and managed to lift the pair to multi-week peaks around 1.2560 soon afterwards.
Spot is closing its third consecutive week with gains so far, although a break above the 1.2500 handle on a more sustainable basis still remains elusive.
USD/CAD key levels
At the moment the pair is advancing 0.01% at 1.2501 and a surpass of 1.2564 (high Jun.5) would aim for 1.2600 (psychological level) and then 1.2646 (high Apr.13). On the downside, the immediate support lines up at 1.2450 (low Jun.5) followed by 1.2433 (low Jun.4) and finally 1.2382 (low Jun.3).
USD/CAD upside capped at 1.2560
Outstanding figures from the Canadian labour market have initially dragged spot to the area of session lows in the mid-1.2400s, although a stellar print from US Payrolls pushed harder and managed to lift the pair to multi-week peaks around 1.2560 soon afterwards.
Spot is closing its third consecutive week with gains so far, although a break above the 1.2500 handle on a more sustainable basis still remains elusive.
USD/CAD key levels
At the moment the pair is advancing 0.01% at 1.2501 and a surpass of 1.2564 (high Jun.5) would aim for 1.2600 (psychological level) and then 1.2646 (high Apr.13). On the downside, the immediate support lines up at 1.2450 (low Jun.5) followed by 1.2433 (low Jun.4) and finally 1.2382 (low Jun.3).