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22 Apr 2014
USD/CAD soars to 2-week highs
FXStreet (Córdoba) - The USD/CAD bounced to the upside from 1.1000, despite better-than-expected economic data from Canada and climbed to 1.1042, reaching the highest price since April 3. Currently trades at 1.1035/37, up 0.23% from today’s opening price.
USD/CAD rebound sharply at 1.100
After the release of the wholesale sales report of February in Canada, that rose 1.1% above the 0.7% expected, the USD/CAD fell to 1.1000, the lowest price since last Friday.
When it was ready to break the trading range and the 1.1000 mark, that limited the price since the beginning of the week, reversed sharply and jumped. Price broke above 1.1030, the upper limit of the range and rose quickly to 1.1042.
USD/CAD rebound sharply at 1.100
After the release of the wholesale sales report of February in Canada, that rose 1.1% above the 0.7% expected, the USD/CAD fell to 1.1000, the lowest price since last Friday.
When it was ready to break the trading range and the 1.1000 mark, that limited the price since the beginning of the week, reversed sharply and jumped. Price broke above 1.1030, the upper limit of the range and rose quickly to 1.1042.