The currency pair surged on Wednesday and broke out 1.2117. USD/CAD stays above this level at press time.

Closest support areas: 1.2117, 1.2078, 1.2028

Closest resistance areas: 1.2154, 1.2196, 1.2233

Macroeconomic data

USD

Prelim GDP q/q

Unemployment Claims

Core Durable Goods Orders m/m

Durable Goods Orders m/m

Prelim GDP Price Index q/q

Pending Home Sales m/m