USD/CAD reaches a 1-week high

FXstreet.com (Córdoba) - The USD/CAD rose further at the beginning of the New York session and extended gains to a fresh 1-week high after mixed Canadian data.

While the Canada's Industrial Product Price Index rose 0.1% in November beating forecast, the Raw Materials Price Index fell 4.1% much more than expected. The USD/CAD picked up momentum and rose to a high of 1.0680, last seen Dec 30.

USD/CAD technical levels

As for technical levels, the USD/CAD could find immediate resistances at 1.0680 (daily high) and 1.0700 (psychological level). On the other hand, supports are seen at 1.0608 (daily low) and 1.0590 (Jan 2 low).