FXstreet.com (Barcelona) - The USD has risen around 30 pips against the CAD in the first minutes after the Canadian leading indicators data release, from the 1.2320 to 1.2350. Currently, the pair is trading around 1.2330/50.
Canadian leading indicators have posted a 1.1% decreases in February after the 0.8% falls published in January. Market expectations was a decrease of 0.9% in February.
Today, the pair has been rejected by the 1.2380 resistance and it has fallen below the 1.2300 level before the US opening bell. Currently the USD/CAD is trading around 1.2330/50, next resistance would be 1.2355, 1.2380 and 1.2400.
On the downside, the pair could fall below of 1.2320 and next support would come at 1.2290.