FXstreet.com (Barcelona) - Both the United States and Canada reported a plethora of economic indicators Friday afternoon during the European session, however it was the greenback that had gained the upper hand when the dust settled. Outside of the Nonfarm Payroll data (80k in month of June vs. consensus estimates of 90k) in the United States, neither country reported overly disappointing results.
Most recently however, crude prices have fallen sharply in European trading, sapping the loonie of any momentum against its southern neighbor. At the present, the price of crude has settled at USD $84.73, down -2.85%.
Currently, the exchange rate is operating in the region of 1.0175, rising at a rate of +0.32% above its opening price. The pair stormed through its first support at 0.7996, After breaking resistance at 1.0170, the pair is pitted against short-term resistances located at the 1.0192 and 1.0227 levels. According to the technical analysts at Mataf.net, the pairs decline will be buoyed by supports at 1.0113, 1.0078, and ultimately 1.0056.
Most recently however, crude prices have fallen sharply in European trading, sapping the loonie of any momentum against its southern neighbor. At the present, the price of crude has settled at USD $84.73, down -2.85%.
Currently, the exchange rate is operating in the region of 1.0175, rising at a rate of +0.32% above its opening price. The pair stormed through its first support at 0.7996, After breaking resistance at 1.0170, the pair is pitted against short-term resistances located at the 1.0192 and 1.0227 levels. According to the technical analysts at Mataf.net, the pairs decline will be buoyed by supports at 1.0113, 1.0078, and ultimately 1.0056.
