- 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
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