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19 Feb 2016
USD/CAD through 1.3800 post-US CPI
The greenback is advancing further vs. its Canadian neighbour today, now sending USD/CAD through the 1.3800 barrier, or session peaks.
USD/CAD stronger on data
The pair found its upside momentum accelerated after US inflation figures gauged by the CPI showed headline consumer prices advancing more than expected during January, up 1.4% on a yearly basis and coming in flat inter-month. Core CPI has also followed suit, rising 0.3% MoM and 2.2 on an annual basis.
On the Canadian side, the CPI has also surprised to the upside, advancing 0.2% on a monthly basis and 2.0% YoY. The negative surprise has come from December’s Retail Sales, contracting 1.6% MoM and 2.2% YoY.
USD/CAD significant levels
As of writing the pair is up 0.51% at 1.3821 and a surpass of 1.3916 (20-day sma) would expose 1.3968 (55-day sma) and then 1.4327 (high Jan.26). On the other hand, the next support aligns at 1.3635 (low Feb.4) ahead of 1.3616 (100-day sma) and finally 1.3232 (200-day sma).
USD/CAD stronger on data
The pair found its upside momentum accelerated after US inflation figures gauged by the CPI showed headline consumer prices advancing more than expected during January, up 1.4% on a yearly basis and coming in flat inter-month. Core CPI has also followed suit, rising 0.3% MoM and 2.2 on an annual basis.
On the Canadian side, the CPI has also surprised to the upside, advancing 0.2% on a monthly basis and 2.0% YoY. The negative surprise has come from December’s Retail Sales, contracting 1.6% MoM and 2.2% YoY.
USD/CAD significant levels
As of writing the pair is up 0.51% at 1.3821 and a surpass of 1.3916 (20-day sma) would expose 1.3968 (55-day sma) and then 1.4327 (high Jan.26). On the other hand, the next support aligns at 1.3635 (low Feb.4) ahead of 1.3616 (100-day sma) and finally 1.3232 (200-day sma).