23 Jul 2013
USD/CAD testing the 1.0300 level
FXstreet.com (New York) - The USD/CAD technical pair has retested the 1.0300 region Tuesday during US trading, following a rebound off the 1.0290 level in recent moments.
In these moments, the USD/CAD is entrenched in negative territory, now operating at 1.0299, down -0.34% during US trading. Technically speaking, the USD/CAD remains fortified by supports at 1.0269, ahead of 1.0248, and 1.0170, notes the Danske Research Team.
USD/CAD strategic bias
According to the TD Securities Team, “There are no significant changes on the short-term USD/CAD charts. The USD still looks oversold across a range of shorter-term time frame oscillators. A minor base/reversal sign on the hourly chart suggest some potential for a push higher intraday, if spot can get above 1.0345/50.”
In these moments, the USD/CAD is entrenched in negative territory, now operating at 1.0299, down -0.34% during US trading. Technically speaking, the USD/CAD remains fortified by supports at 1.0269, ahead of 1.0248, and 1.0170, notes the Danske Research Team.
USD/CAD strategic bias
According to the TD Securities Team, “There are no significant changes on the short-term USD/CAD charts. The USD still looks oversold across a range of shorter-term time frame oscillators. A minor base/reversal sign on the hourly chart suggest some potential for a push higher intraday, if spot can get above 1.0345/50.”