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16 Sep 2013
USD/CAD steady after economic data
FXstreet.com (Córdoba) - The USD/CAD remained little changed around 1.0300 after the latest string of data showed foreign investment in Canada rose significantly anticipated in July, while the September NY Empire State Manufacturing Index disappointed.
The USD/CAD was barely affected by data and clung to the 1.0300 mark, where it is trading at time of writing, 0.2% below its opening price. Despite broad USD weakness, USD/CAD managed to bounce from a 1-month low of 1.0282 scored during the European session.
USD/CAD technical levels
In terms of technical levels, USD/CAD could find immediate supports at 1.0282 (daily low), 1.0275 (Aug 9 low) and 1.0245 (Jul 31 low). On the other hand, resistances are seen at 1.0335 (100-day SMA) and 1.0345 (Friday’s close) ahead of 1.0380/85 (Sep 10 high/200-hour SMA).
The USD/CAD was barely affected by data and clung to the 1.0300 mark, where it is trading at time of writing, 0.2% below its opening price. Despite broad USD weakness, USD/CAD managed to bounce from a 1-month low of 1.0282 scored during the European session.
USD/CAD technical levels
In terms of technical levels, USD/CAD could find immediate supports at 1.0282 (daily low), 1.0275 (Aug 9 low) and 1.0245 (Jul 31 low). On the other hand, resistances are seen at 1.0335 (100-day SMA) and 1.0345 (Friday’s close) ahead of 1.0380/85 (Sep 10 high/200-hour SMA).