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9 Apr 2015
USD/CAD hits 1-week highs
FXStreet (Córdoba) - The USD/CAD pair rose further after Wall Street opening agell and reached at 1.2615 the highest level since April 2. Afterwards the pair pulled back below 1.2600. Currently is trading at 1.2580, up 0.28% for the day.
The US dollar is rising in the market and for the third day in a row versus the loonie. The Canadian dollar is the worst performer among commodity currencies, amid a recovery in crude oil prices. The barrel (WTI) is up more than 1%, trading above $51.
Despite pulling back USD/CAD still holds a bullish bias in the short term and so far it has been able to hold above previous resistance located at 1.2575, that now has become a support level.
The US dollar is rising in the market and for the third day in a row versus the loonie. The Canadian dollar is the worst performer among commodity currencies, amid a recovery in crude oil prices. The barrel (WTI) is up more than 1%, trading above $51.
Despite pulling back USD/CAD still holds a bullish bias in the short term and so far it has been able to hold above previous resistance located at 1.2575, that now has become a support level.