The us dollar is losing momentum against a pair of canadian Monday, dragging USD/CAD to minimum daily near the region of 1.3280.
USD/CAD weaker post-data of EE.UU
The sellers of the USD seem to have intervened after the manufacturing index of New york decepcionara the market expectations for the month of April, arriving at 5.20 in front of the 15.00 initially anticipated, and below the 16.40 march.
The pair fell to lows daily close to 1.3280 after the publication, although it seems that it is unlikely a decrease in additional yields in the money markets of the united States, where the references of two and ten years are extending the rebound of the minimum daily.
In addition, the barrel of West Texas Intermediate has reversed the negative impulse initial and has now recovered the mark of 53.00 dollars and more, providing some support for the CAD. Other u.s. data that will later include the index NAHB and the flows of ICT.
Levels of USD/CAD
The pair fell 0.30% to 1.3286 showing the immediate support at 1.3277 (minimum of 17 April), followed by 1.3275 (minimum of 30 march) and finally 1.3262 (minimum of 21 of April)
To the upside a break above 1.3314 (maximum of 17 April) would point to 1.3341 (maximum of 12 April) and then 1.3352 (sma 20 day).