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6 Aug 2013
USD/CAD steady after US, Canadian trade data
FXstreet.com (Córdoba) - The USD/CAD remained pretty steady after data showed Canadian and US trade deficits shrank in June.
USD/CAD wavers after data
USD/CAD, which had printed a daily high of 1.0384 just ahead of the data, moved slightly lower toward the 1.0370 zone as the CAD benefited from positive US and Canadian data and it was last trading around 1.0375, where it was still 0.2% above its opening price.
USD/CAD levels to watch
As for technical levels, USD/CAD could find immediate resistances at 1.0384 (daily high) and the 1.0400 psychological level, while on the flip side, supports are seen at 1.0345/50 (100-hour SMA/daily low) and 1.0300 (psychological level).
USD/CAD wavers after data
USD/CAD, which had printed a daily high of 1.0384 just ahead of the data, moved slightly lower toward the 1.0370 zone as the CAD benefited from positive US and Canadian data and it was last trading around 1.0375, where it was still 0.2% above its opening price.
USD/CAD levels to watch
As for technical levels, USD/CAD could find immediate resistances at 1.0384 (daily high) and the 1.0400 psychological level, while on the flip side, supports are seen at 1.0345/50 (100-hour SMA/daily low) and 1.0300 (psychological level).