by Fri, 18 Feb 2011 13:13:00 +0100
Forex: USD/CAD, steady above 0.9820 after CPI
FXstreet.com (Barcelona) - The USD/CAD has remained steady, trading within the day's narrow range, between 0.9820 and 0.9845, after the release of Canadian Consumer Prices Index figures.
Canadian Consumer Prices Index has increased 0.3% in January, and 2.3% year on year, in line with expectations, while the Core Index, monitored by the Bank of Canada to assess inflation trends, has remained flat on the month, and rose 1.4% on the year, below the 0.1% 1nd 1.5% expected.
| Technical Analysis (2011-02-18 12:00 GMT) | |
|---|---|
USD/CAD 0.983/0.9832 - O: 0.9861 H: 0.9875 L: 0.9857 C: 0.9873 | |
| Trend | R3: 0.9889 |
 | R2: 0.9865 |
| R1: 0.9840 | |
| S1: 0.9772 | |
| S2: 0.9796 | |
| S3: 0.9821 | |
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