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27 May 2015
USD/CAD firmer around 1.2470
FXStreet (Edinburgh) - The greenback extends its bull run vs. its Canadian counterpart on Wednesday, lifting USD/CAD to fresh tops in the 1.2470 area.
USD/CAD stronger pre-BoC
The pair is trading in multi-week tops closer to the key barrier at 1.2500 today, bolstered by the increasing bid tone around the US dollar following gloomy developments in the Greek front.
Absent data in the US economy today will turn the focus on the BoC monetary policy meeting, with market consensus expects the central bank to remain on hold, with rates unchanged at 0.75%.
USD/CAD levels to watch
The pair is now gaining 0.21% at 1.2462 with the next hurdle at 1.2500 (psychological level) followed by 1.2570 (high Apr.15) and finally1.2602 (high Apr.14). On the flip side, a breach of 1.2200 (psychological level) would expose 1.2173 (low May 22) and then 1.2170 (low May 20).
USD/CAD stronger pre-BoC
The pair is trading in multi-week tops closer to the key barrier at 1.2500 today, bolstered by the increasing bid tone around the US dollar following gloomy developments in the Greek front.
Absent data in the US economy today will turn the focus on the BoC monetary policy meeting, with market consensus expects the central bank to remain on hold, with rates unchanged at 0.75%.
USD/CAD levels to watch
The pair is now gaining 0.21% at 1.2462 with the next hurdle at 1.2500 (psychological level) followed by 1.2570 (high Apr.15) and finally1.2602 (high Apr.14). On the flip side, a breach of 1.2200 (psychological level) would expose 1.2173 (low May 22) and then 1.2170 (low May 20).