2 Sep 2013
USD/CAD treading water above 1.0500
FXstreet.com (Córdoba) - The USD/CAD has spent most of the day in a quite slim range despite the improvement in market sentiment.
USD/CAD has oscillated in between 1.0515 and 1.0545 Monday unable to pick fresh direction, with liquidity getting thinner as US markets remain closed due to the Labor Day. At time of writing, USD/CAD is trading at the 1.0525 area, virtually unchanged since opening.
Levels for USD/CAD
In terms of technical levels, USD/CAD could face immediate resistances at 1.0543 (daily high) and 1.0557 (Aug 30 high), while supports are seen at 1.0510 (100-hour SMA) and 1.0480 (Aug 29 low).
USD/CAD has oscillated in between 1.0515 and 1.0545 Monday unable to pick fresh direction, with liquidity getting thinner as US markets remain closed due to the Labor Day. At time of writing, USD/CAD is trading at the 1.0525 area, virtually unchanged since opening.
Levels for USD/CAD
In terms of technical levels, USD/CAD could face immediate resistances at 1.0543 (daily high) and 1.0557 (Aug 30 high), while supports are seen at 1.0510 (100-hour SMA) and 1.0480 (Aug 29 low).