11 Apr 2014
USD/CAD capped at 1.0980
FXStreet (San Francisco) - The US Dollar wasn't able to reach the 1.1000 level against its Canadian counterpart as its bullish movement from 1.0915 was capped at 1.0980 where the pair found resistance.
Michigan Consumer Sentiment rise more than expected to 82.6 according to its preliminary report for March; Highest since July 2013. The three components have risen from previous reading.
Currently, USD/CAD is trading at 1.0956, up 0.19% on the day, having posted a daily high at 1.0985 and low at 1.0915. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/CAD levels
If the pair retraces below the 1.0950, the USD/CAD would face supports at 1.0915 and 1.0858 (low Apr.9). On the upside, next resistances are 1.0980, 1.1000 and 1.1010.
Michigan Consumer Sentiment rise more than expected to 82.6 according to its preliminary report for March; Highest since July 2013. The three components have risen from previous reading.
Currently, USD/CAD is trading at 1.0956, up 0.19% on the day, having posted a daily high at 1.0985 and low at 1.0915. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/CAD levels
If the pair retraces below the 1.0950, the USD/CAD would face supports at 1.0915 and 1.0858 (low Apr.9). On the upside, next resistances are 1.0980, 1.1000 and 1.1010.