USD/CAD
edged slightly higher but overall remained well within its daily range as the
loonie weakened following the release of below expectations Canadian
manufacturing data.
The Ivey Purchasing Manager PMI fell to 53.1 seasonally adjusted in October, from 53.7 the previous month and below the 54.0 expected.
USD/CAD reacted positively but moderately climbing to the 1.3175 zone. At time of writing, the pair is trading at 1.3170, 0.17% above its opening price.
Investors attention now turns to next key events, both Canada and US will release employment figures tomorrow.
USD/CAD levels to consider
In terms of technical levels, USD/CAD could find next resistances at 1.3192 (Oct 30 & Nov 4 highs), 1.3216 (61.8% Fibo of 1.3456-1.2831) and then 1.3237 (Oct 29 high). On the flip side, supports are seen at 1.3140 (Nov 5 low), 1.3067 (21-day SMA) and 1.3037 (Nov 3 low).
The Ivey Purchasing Manager PMI fell to 53.1 seasonally adjusted in October, from 53.7 the previous month and below the 54.0 expected.
USD/CAD reacted positively but moderately climbing to the 1.3175 zone. At time of writing, the pair is trading at 1.3170, 0.17% above its opening price.
Investors attention now turns to next key events, both Canada and US will release employment figures tomorrow.
USD/CAD levels to consider
In terms of technical levels, USD/CAD could find next resistances at 1.3192 (Oct 30 & Nov 4 highs), 1.3216 (61.8% Fibo of 1.3456-1.2831) and then 1.3237 (Oct 29 high). On the flip side, supports are seen at 1.3140 (Nov 5 low), 1.3067 (21-day SMA) and 1.3037 (Nov 3 low).
