Saturday 18 March 2017

USD/CAD reduces growth against the background of positive statistics in Canada

On Friday, the US dollar reduced the achieved advantage against the Canadian currency after the publication of positive data on sales in the manufacturing sector of Canada, while the "dovish" sentiment of Fed officials this week continue to put pressure on the US dollar.
During the morning trading on US exchanges, the pair USD/CAD retreated from the session high of 1.3346 to 1.3318, keeping this position during the day.
It is likely that the pair will find support at the level of Thursday's two-week low at 1.3274, and resistance at the high of 1.3402, recorded on March 2.


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