USD/CAD points to 1.3500 post data of CPI

The Canadian Dollar is losing ground quickly after the results of the CPI canadian, bringing USD/CAD to new highs near 1.3500, and / or maximum session.

USD/CAD bearish post data

The price reversed the negative sentiment after the inflation figures canadian-registered by the CPI rose less than expected in march, a rise of 1.6% in the last twelve months and 0.2% (versus 0.4%) on a monthly basis.

Other data showed that core CPI BoC increased at a 1.3% annualized and a 0.3% intermestral, both of these impressions are down from 1.7% in February, and gains of 0.4%, respectively.

Levels of USD/CAD

At this time, the pair is up 0.17% to 1.3493 showing up to the next resistance at 1.3501 (maximum of 20 April) followed by 1.3536 (maximum of 9 march 2017) and then 1.3601 (maximum December 28, 2016).

On the negative side, a break in 1.3454 (April 20) would open the door to 1.3402 (23.6% Fibo of the upward movement January-march) and finally 1.3373 (SMA of 20 days).

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