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17 Jul 2013
EUR/CAD pares losses to trade positively
FXstreet.com (New York) - The EUR/CAD technical cross successfully rebounded off a session low of 1.3627, having eliminated its losses to break back into positive territory on the heels of Canadian data.
EUR/CAD technical bias
In light of the recent comeback by the EUR/CAD, the cross is now trading positively at +0.06%, settling at 1.3655 in these moments. Though still unable to retest its session highs of 1.3684, an upwards movement will meet resistances at 1.3689, onto 1.3731, and 1.3767. Meanwhile, supports lie below at 1.3611, ahead of 1.3575, and 1.3689, notes the Mataf.net analyst team.
In Canada, the Foreign Portfolio Investment in Canadian Securities (May) yielded $6.74B, against a consensus of $10.23B. Finally, the Canadian Portfolio Investment in Foreign Securities (May) fell $-1.65B, relative to a figure of $2.00B previously.
EUR/CAD technical bias
In light of the recent comeback by the EUR/CAD, the cross is now trading positively at +0.06%, settling at 1.3655 in these moments. Though still unable to retest its session highs of 1.3684, an upwards movement will meet resistances at 1.3689, onto 1.3731, and 1.3767. Meanwhile, supports lie below at 1.3611, ahead of 1.3575, and 1.3689, notes the Mataf.net analyst team.
In Canada, the Foreign Portfolio Investment in Canadian Securities (May) yielded $6.74B, against a consensus of $10.23B. Finally, the Canadian Portfolio Investment in Foreign Securities (May) fell $-1.65B, relative to a figure of $2.00B previously.