Forex: USD/CAD tries to tackle 1.0150

Although +0.35% stronger on the day and extending its bull run since Friday's parity levels, the USD/CAD is currently facing some resistance at 1.0150 after the release of US data and a daily high at 1.0156.

US housing building permits rose to 0.925M (more than expected), but housing starts declined to 0.890M (less than expected) in January. US PPI rose from 1.3% to 1.4% (YoY), despite rising less than expected on the month (+0.2% instead of +0.3%).

Mataf.net analysts point to resistances at 1.0150, 1.0190 and 1.0225. On the downside, supports might be found at 1.0130, 1.0110 and 1.0060.