27 Jun 2013
USD/CAD testing the 1.0500 barrier/resistance
FXstreet.com (New York) - The USD/CAD foreign exchange rate has bulled higher, testing the crucial 1.0500 barrier in these moments during US trading.
USD/CAD remains cautiously bullish after consolidation
“The USD/CAD consolidated its early gains in the North American session, which suggested a renewed push higher and as such we remain cautiously bullish.” notes the TD Securities Team.
USD/CAD trading at resistance
Technically speaking, the pair is operating at 1.0498, up a steadfast +0.26% in these moments. The USD/CAD will look towards resistances at 1.0501, then 1.0541, and finally 1.0562. Alternatively, a movement lower will initiate supports at 1.0444, ahead of 1.0419, and 1.0379, calculates the Mataf.net analyst team.
USD/CAD remains cautiously bullish after consolidation
“The USD/CAD consolidated its early gains in the North American session, which suggested a renewed push higher and as such we remain cautiously bullish.” notes the TD Securities Team.
USD/CAD trading at resistance
Technically speaking, the pair is operating at 1.0498, up a steadfast +0.26% in these moments. The USD/CAD will look towards resistances at 1.0501, then 1.0541, and finally 1.0562. Alternatively, a movement lower will initiate supports at 1.0444, ahead of 1.0419, and 1.0379, calculates the Mataf.net analyst team.