23 May 2014
USD/CAD extends decline below 1.0900
FXStreet (Córdoba) - The USD/CAD printed a fresh low at 1.0862, reaching the weakest level since Monday. Currently remains below 1.0900, with the Canadian dollar showing signs of strength across the board.
The Loonie is trading at weekly highs versus the Euro and other commodity currencies, while against the US dollar it has been able to erased most of the losses.
USD/CAD levels to watch
To the upside, the area round 1.0885 has now become an immediate resistance followed by 1.0905/10 (daily high) and then 1.0940 (May 21 high). To the downside, immediate support could be located at 1.0850 and below here at 1.0835 followed by 1.0815.
The Loonie is trading at weekly highs versus the Euro and other commodity currencies, while against the US dollar it has been able to erased most of the losses.
USD/CAD levels to watch
To the upside, the area round 1.0885 has now become an immediate resistance followed by 1.0905/10 (daily high) and then 1.0940 (May 21 high). To the downside, immediate support could be located at 1.0850 and below here at 1.0835 followed by 1.0815.