OctaFX | OctaFX Forex Broker
Konto eröffnen Anmelden
    OctaFX | OctaFX Forex Broker
      Konto eröffnen

      USD/CAD testing highs near 1.3260

      FXStreet (Edinburgh) - The buying interest around the US dollar remains unabated on Tuesday, now pushing USD/CAD to test intraday tops near 1.3260.

      USD/CAD attention to US docket, oil

      The pair is challenging weekly highs in the mid-1.3200s so far, propped up by a continuation of the recovery in the greenback ahead of today’s US releases: Richmond Fed Manufacturing Index and the speech by Atlanta Fed D.Lockhart.

      The renewed softer tone in crude oil prices is adding further downside pressure to the Canadian dollar, collaborating at the same time with the intraday up move.

      The recent speech by Governor S.Poloz was mainly focused on the resources sector and its potential to adjust to the shifting scenario in the commodities universe, leaving the CAD unmoved.

      USD/CAD levels to consider

      The pair is now up 0.03% at 1.3254 with the next hurdle at 1.3261 (high Sep.22) followed by 1.3290 (high Sep.10) and finally 1.3310 (high Sep.11). On the other hand, a breach of 1.3216 (low Sep.22) would expose 1.3160 (low Sep.16) would and then 1.3074 (low Sep.17).

      Turkey TCMB Interest Rate Decision unchanged at 7.5% in September

      Turkey TCMB Interest Rate Decision unchanged at 7.5% in September
      Mehr darüber lesen Previous

      Central banker’s speech to take the centre stage – BBH

      Research Team at BBH, suggest that there are some key events this week including ECB President Draghi's testimony before the European Parliament tomorrow and Yellen's speech at Amherst at the end of the week.
      Mehr darüber lesen Next
      Start livechat