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9 Apr 2013
Forex: EUR/CAD bounces to 1.3257/59
FXstreet.com (Barcelona) - The EUR/CAD has bounced 1.3240 level in recent minutes, having received an impetus from checkered Canadian economic data during US trading Tuesday. In these moments the cross is trading positively at 1.3257/59, having secured a gain of +0.23% currently.
The technical analyst team at Mataf.net points to corrective measures of resistance at 1.3316, then 1.3358, and finally the 1.3421 handle. Conversely, supports for the EUR/CAD will initiate at 1.3211 ahead of 1.3148 and ultimately 1.3106.
In Canada, the Housing Starts s.a. (YoY) were reported at 184K in March, against expectations of 176.5K. In addition, Building Permits (MoM) grew +1.7% in February, vs. estimates calling for a +4.3% rise.
The technical analyst team at Mataf.net points to corrective measures of resistance at 1.3316, then 1.3358, and finally the 1.3421 handle. Conversely, supports for the EUR/CAD will initiate at 1.3211 ahead of 1.3148 and ultimately 1.3106.
In Canada, the Housing Starts s.a. (YoY) were reported at 184K in March, against expectations of 176.5K. In addition, Building Permits (MoM) grew +1.7% in February, vs. estimates calling for a +4.3% rise.