USD CAD trying daily high
9/20/2016 9:02:39 AM
The dollar is improving part of its shine today, now pushing USD/CAD to the area of daily tops beyond 1.3200 the figure.
Spot has dismiss Monday’s test of daily lows near 1.3130 and is back above the 1.3200 handle today, posting appropriate gains for the time being ahead of US Housing Starts, Building Permits and the weekly report on crude oil stockpiles by the API.
Furthermore, CAD will continue in the attention as Governor S.Poloz is due to speak later in the NA session followed by a press conference.
Still with CAD, the barrel of West Texas Intermediate is withdrawing slightly so far today although managing to keep the trade above the $43.00 mark.
As of writing the pair is up 0.02% at 1.3205 facing the next hurdle at 1.3250 followed by 1.3255 and ultimately 1.3310. On the other hand, a breakdown of 1.3042 would aim for 1.2990 and then 1.2827.