USD/CAD keeps the trade above 1.3000
|The greenback keeps the upside bias alive on Friday, lifting USD/CAD through the 1.3000 handle ahead of the US data.
USD/CAD focus on ‘Brexit’, oil, data
Spot regained the bullish momentum as the ‘Brexit’ win in the UK keep weighing heavily on the risk-associated space, with CAD dropping to the boundaries of the 1.3100 handle earlier in the session.
Additionally, the barrel of West Texas Intermediate is down nearly 5% in the $47.70 area, adding to CAD weakness.
Next of relevance in the pair will be US Durable Good Orders and the final results from the Reuters/Michigan index in June.
USD/CAD significant levels
As of writing the pair is up 2.01% at 1.3033 facing the next hurdle at 1.3100 (high Jun.24) ahead of 1.3191 (high May 24) and finally 1.3329 (200-day sma). On the other hand, a breakdown of 1.2679 (low Jun.23) would open the door to 1.2651 (low Jun.8) and then 1.2590 (low Apr.20).
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