Forex: USD/CAD back to parity level

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Forex: USD/CAD back to parity level

FITITOL--> FXstreet.com (Barcelona) - The USD/CAD is trading in a 60-pip range today, going up and down since the Asian session. After the labor market data release and Fed’s Bernanke speech, the pair rallied from 0.9977 back to parity level, capped at 1.0026.

Canada saw weaker than expected International Merchandise Trade at $0.35B, below the expected rise from $0.27B to $0.50B. The housing market, however, saw new housing prices rising by 0.3% in March, more than 0.2% consensus.

Mataf.net analysts point to resistances at 1.0025, 1.0060 and 1.0130. On the downside, supports might be found at parity level, 0.9980 and 0.9920.