USD/CAD extends decline to MA 50-hour at 1.1615

FXStreet (San Francisco) - The USD/CAD is extending its rejection of 1.1645 and after falling 30 pips the pair broke the support of 1.1625 and currently it's testing the 50 hours MA level at 1.1615.

Currently, USD/CAD is trading at 1.1615, down -0.20% on the day, having posted a daily high at 1.1647 and low at 1.1613. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

USD/CAD levels

Below the 1.1615, the USD/CAD will find next supports at 1.1600 and 1.1580. To the upside, resistances are at 1.1645, 1.1660 and 1.1675.