11 Aug 2015
USD/CAD within range on data
FXStreet (Edinburgh) - The US dollar is trading on the right footing vs. its Canadian neighbour on Tuesday, pushing USD/CAD to challenge session tops in the 1.3080/85 band.
USD/CAD firmer post-data
The pair kept the range after Canadian Housing Starts missed expectations during July, expanding at a seasonally adjusted pace of 193.0K vs. 195.0K estimated and down from 202.3K previous.
In the US docket, Unit Labor Costs rose 0.5% in the second quarter and Nonfarm Productivity 1.3% in the same period, vs. forecasts for 0.1% and 1.6%, respectively.
USD/CAD levels to consider
At the moment the pair is up 0.58% at 1.3077 with the next hurdle at 1.3103 (high Aug.11) ahead of 1.3183 (high Aug.10) and then 1.3199 (high Aug.5). On the other hand, a breach of 1.2993 (low Aug.11) would expose 1.2940 (low Jul.31) and then 1.2955 (low Jul.30).
USD/CAD firmer post-data
The pair kept the range after Canadian Housing Starts missed expectations during July, expanding at a seasonally adjusted pace of 193.0K vs. 195.0K estimated and down from 202.3K previous.
In the US docket, Unit Labor Costs rose 0.5% in the second quarter and Nonfarm Productivity 1.3% in the same period, vs. forecasts for 0.1% and 1.6%, respectively.
USD/CAD levels to consider
At the moment the pair is up 0.58% at 1.3077 with the next hurdle at 1.3103 (high Aug.11) ahead of 1.3183 (high Aug.10) and then 1.3199 (high Aug.5). On the other hand, a breach of 1.2993 (low Aug.11) would expose 1.2940 (low Jul.31) and then 1.2955 (low Jul.30).