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24 Feb 2015
USD/CAD advances through 1.2600
FXStreet (Edinburgh) - The greenback continues to push higher vs. its neighbor on Tuesday, lifting USD/CAD back above the 1.2600 handle.
USD/CAD focus on Yellen, Poloz
The pair is advancing for the fifth consecutive session so far, looking to extend the rebound from February troughs in the mid-1.2300s. Key session ahead for the pair, with all the attention on Chairwoman Janet Yellen’s Semiannual Testimony and the speech followed by a press conference by BoC Governor Stephen Poloz on “Reinventing Central Banking”.
USD/CAD levels to consider
The pair is now advancing 0.26% at 1.2610 with the next hurdle at 1.2646 (high Feb.12) ahead of 1.2697 (high Feb.11) and finally 1.2772 (high Feb.2). On the other hand, a breakdown of 1.2523 (low Feb.23) would target 1.2516 (21-d MA) en route to 1.2500 (psychological level).
USD/CAD focus on Yellen, Poloz
The pair is advancing for the fifth consecutive session so far, looking to extend the rebound from February troughs in the mid-1.2300s. Key session ahead for the pair, with all the attention on Chairwoman Janet Yellen’s Semiannual Testimony and the speech followed by a press conference by BoC Governor Stephen Poloz on “Reinventing Central Banking”.
USD/CAD levels to consider
The pair is now advancing 0.26% at 1.2610 with the next hurdle at 1.2646 (high Feb.12) ahead of 1.2697 (high Feb.11) and finally 1.2772 (high Feb.2). On the other hand, a breakdown of 1.2523 (low Feb.23) would target 1.2516 (21-d MA) en route to 1.2500 (psychological level).