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- USD / CAD retreated from highs and returned to the area C $ 0.9900
USD / CAD retreated from highs and returned to the area C $ 0.9900
Canadian dollar slightly offset decline against the U.S. dollar after the November manufacturing shipments in Canada rose by 1.7% m / m, exceeding the forecast and showing improvement over the decline in the past month.
Amplification of risk aversion in the markets made a couple update highs above key resistance at C $ 0.9900 today, but after the Canadian data loonie was able to play a few points.
The USD / CAD has appreciated by 0.45% to C $ 0.9909. Resistance is at C $ 0.9925 (maximum of 4 January), C $ 0.9945 (maximum of 2 January) and C $ 0.9970 (maximum of 28 December).
The support is expected at C $ 0.9855 (MA (200) for H1), C $ 0.9835 (Jan. 16 low) and C $ 0.9815 (Jan. 11 low).
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