18 May 2015
USD/CAD hits 1-week high
FXStreet (Córdoba) - USD/CAD pushed higher and reached fresh highs at the beginning of the American session, accelerating after breaking above the 1.2100 level.
The loonie weakened and fell in tandem with oil pullback, sending USD/CAD to a 1-week high of 1.2132 in recent dealings. At time of writing, the pair is trading at 1.2130, up 0.93% on the day.
There is no no economic data scheduled as Canada is on holiday today, while the speech by BoC Governor Poloz will be the main highlight in Canada on Tuesday.
USD/CAD levels to watch
In terms of technical levels, USD/CAD could find immediate resistances at 1.2132 (daily high), 1.2144 (May 8 high) and 1.2162 (May 7 high). On the other hand, supports are seen at 1.2000 (daily low/psychological level), 1.1979 (May 15 low) and 1.1919 (May 14 low).
The loonie weakened and fell in tandem with oil pullback, sending USD/CAD to a 1-week high of 1.2132 in recent dealings. At time of writing, the pair is trading at 1.2130, up 0.93% on the day.
There is no no economic data scheduled as Canada is on holiday today, while the speech by BoC Governor Poloz will be the main highlight in Canada on Tuesday.
USD/CAD levels to watch
In terms of technical levels, USD/CAD could find immediate resistances at 1.2132 (daily high), 1.2144 (May 8 high) and 1.2162 (May 7 high). On the other hand, supports are seen at 1.2000 (daily low/psychological level), 1.1979 (May 15 low) and 1.1919 (May 14 low).