FXstreet.com (Barcelona) - The USD/CAD has spanned nearly 40 pips Wednesday, as the cross has steadfastly risen throughout the European and American sessions. Most recently, the release of the EIA Crude Oil Stocks change (September 7) in the United States yielded a result of 1.994M, beating consensus expectations of -1.800M and compared with -7.426M in the previous month.
In examining the technical levels, the Analyst Team at ICN.com has isolated the pairs next resistances at 0.9765, then 0.9799, and eventually 0.9824. With no further data slated to be released in the United States or Canada today, the focus will likely shift to crude, which has presently settled in the region of USD $97.13, down -0.04%.
At the time of writing, the USD/CAD is operating near its intraday maximums, more precisely in the zone of 0.9752. At this level, the pair has notched a gain of +0.22% from its opening.
In examining the technical levels, the Analyst Team at ICN.com has isolated the pairs next resistances at 0.9765, then 0.9799, and eventually 0.9824. With no further data slated to be released in the United States or Canada today, the focus will likely shift to crude, which has presently settled in the region of USD $97.13, down -0.04%.
At the time of writing, the USD/CAD is operating near its intraday maximums, more precisely in the zone of 0.9752. At this level, the pair has notched a gain of +0.22% from its opening.
