FXstreet.com (Córdoba) - The dollar extended gains versus its Canadian counterpart, and having broken above a double top at 0.9885, it reached its highest level in 6 weeks.
USD/CAD printed a high of 0.9901, last seen early September, and remained near highs after data showed that Canada's consumer prices grew less than expected last month, which could delay a potential rate hike by the BoC. At time of writing, USD/CAD is quoting at the 0.9890 area, 0.4% above its opening price.
As for technical levels, immediate resistances are seen at 0.9910, 0.9930 and 0.9950, while supports could be found at 0.9845/50, 0.9825 and 0.9800.
USD/CAD printed a high of 0.9901, last seen early September, and remained near highs after data showed that Canada's consumer prices grew less than expected last month, which could delay a potential rate hike by the BoC. At time of writing, USD/CAD is quoting at the 0.9890 area, 0.4% above its opening price.
As for technical levels, immediate resistances are seen at 0.9910, 0.9930 and 0.9950, while supports could be found at 0.9845/50, 0.9825 and 0.9800.
