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20 Nov 2015
USD/CAD breached 1.33 post-CAD data
FXStreet (Edinburgh) - USD/CAD is now trading on the defensive camp after today’s releases in Canada, currently navigating session lows around 1.3280.
USD/CAD weaker on data
Spot extends its downside after mixed results in the Canadian docket have shown September’s headline Retail Sales contracting 0.5% inter-month; Sales excluding the Autos sector have followed suit, down 0.5% MoM, both prints missing expectations.
Further data showed inflation figures gauged by the CPI advancing 0.1% on a monthly basis in October and 1.0% over the last twelve months. BoC’s Core consumer prices have surprised to the upside, rising 2.1% YoY and 0.3% MoM.
USD/CAD levels to consider
As of writing, the pair is down 0.06% at 1.3289 with the next support at 1.3217 (38.2% Fibo of 1.3459-1.2827) ahead of 1.3187 (55-day sma) and then 1.3127 (100-day sma). On the other hand, a breakout of 1.3373 (high Nov.16) would aim for 1.3400 (psychological level) and then 1.3458 (2015 high Sep.29).
USD/CAD weaker on data
Spot extends its downside after mixed results in the Canadian docket have shown September’s headline Retail Sales contracting 0.5% inter-month; Sales excluding the Autos sector have followed suit, down 0.5% MoM, both prints missing expectations.
Further data showed inflation figures gauged by the CPI advancing 0.1% on a monthly basis in October and 1.0% over the last twelve months. BoC’s Core consumer prices have surprised to the upside, rising 2.1% YoY and 0.3% MoM.
USD/CAD levels to consider
As of writing, the pair is down 0.06% at 1.3289 with the next support at 1.3217 (38.2% Fibo of 1.3459-1.2827) ahead of 1.3187 (55-day sma) and then 1.3127 (100-day sma). On the other hand, a breakout of 1.3373 (high Nov.16) would aim for 1.3400 (psychological level) and then 1.3458 (2015 high Sep.29).