16 Jun 2015
USD/CAD consolidates around 1.2340
FXStreet (Edinburgh) - The greenback is slightly up vs. its Canadian neighbor on Tuesday, taking USD/CAD to the area of 1.2330/35.
USD/CAD indifferent post US, CAD releases
While spot is looking to consolidate the recent break above the 1.2300 handle, it remained mostly apathetic today following the mixed results from the US housing sector during the last month, where Building Permits rose above estimates and Housing Starts missed forecasts.
On the Canadian side, International Transactions in Securities showed foreign investors adding $12.9 billion of Canadian securities to their portfolios during April vs. $22.56 billion previous.
USD/CAD key levels
At the moment the pair is up 0.08% at 1.2335 and a break above 1.2362 (high Jun.15) would aim for 1.2442 (high Jun.9) and then 1.2473 (high Jun.8). On the downside, the immediate support lines up at 1.2309 (low Jun.16) ahead of 1.2296 (low Jun.15) and finally 1.2279 (low Jun.12).
USD/CAD indifferent post US, CAD releases
While spot is looking to consolidate the recent break above the 1.2300 handle, it remained mostly apathetic today following the mixed results from the US housing sector during the last month, where Building Permits rose above estimates and Housing Starts missed forecasts.
On the Canadian side, International Transactions in Securities showed foreign investors adding $12.9 billion of Canadian securities to their portfolios during April vs. $22.56 billion previous.
USD/CAD key levels
At the moment the pair is up 0.08% at 1.2335 and a break above 1.2362 (high Jun.15) would aim for 1.2442 (high Jun.9) and then 1.2473 (high Jun.8). On the downside, the immediate support lines up at 1.2309 (low Jun.16) ahead of 1.2296 (low Jun.15) and finally 1.2279 (low Jun.12).