Search ForexCrunch
  • Overnight flows see the USD/CAD back on the rise as the Loonie tracks crude prices towards the low end.
  • US and Candian GDP figures due this week could spark runs in the pair.

The USD/CAD is trading just north of 1.3250 through Tuesday’s Asian market session after dipping to a near-term low of 1.3186, but a renewed round of Greenback-bidding sees the Loonie slipping back against the USD.

The Canadian Dollar is seeing renewed selling pressure in conjunction  with fresh USD-positive flows as crude oil prices continue to see pressure towards the downside, with WTI overnight prices dipping back into the $51.00/barrel handle.

Later this week sees GDP data from both Canada and the US, and USD/CAd traders will be keeping a close eye on the printed figures, with the US seeing GDP figures on Wednesday and Canada dropping quarterly growth figures late in the day on Friday.

USD/CAD Levels to watch

USD/CAD

Overview:
       Today Last Price:  1.3261
       Today Daily change:  5.0  pips
       Today Daily change %:  0.0377%
       Today Daily Open:  1.3256
Trends:
       Previous Daily SMA20:  1.3182
       Previous Daily SMA50:  1.3067
       Previous Daily SMA100:  1.3073
       Previous Daily SMA200:  1.2986
Levels:
       Previous Daily High:  1.3258
       Previous Daily Low:  1.3187
       Previous Weekly High:  1.332
       Previous Weekly Low:  1.3142
       Previous Monthly High:  1.3172
       Previous Monthly Low:  1.2783
       Previous Daily Fibonacci 38.2%:  1.3231
       Previous Daily Fibonacci 61.8%:  1.3214
       Previous Daily Pivot Point S1:  1.321
       Previous Daily Pivot Point S2:  1.3163
       Previous Daily Pivot Point S3:  1.3139
       Previous Daily Pivot Point R1:  1.328
       Previous Daily Pivot Point R2:  1.3304
       Previous Daily Pivot Point R3:  1.3351