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8 Mar 2013
Forex: USD/CAD flat around 1.0300, NFP eyed
The Canadian dollar is trading almost unchanged from yesterday’s close, returning to the boundaries of the key limestone at 1.0300 after hitting intraday lows around 1.0315 overnight.
Canadian docket looks very interesting as the unemployment rate plus housing data would be released, alongside the US labour market data.
At the moment, the cross is advancing 0.02% at 1.0297 with the next resistance at 1.0329 (high Mar.7) followed by 1.0337 (high Mar.6) and then 1.0343 (2013 high Mar.1).
On the other hand, a breakdown of 1.0255 (low Mar.6) would expose 1.0217 (low Feb.28) and finally 1.0206 (low Feb.25).
Canadian docket looks very interesting as the unemployment rate plus housing data would be released, alongside the US labour market data.
At the moment, the cross is advancing 0.02% at 1.0297 with the next resistance at 1.0329 (high Mar.7) followed by 1.0337 (high Mar.6) and then 1.0343 (2013 high Mar.1).
On the other hand, a breakdown of 1.0255 (low Mar.6) would expose 1.0217 (low Feb.28) and finally 1.0206 (low Feb.25).