19 Nov 2013
USD/CAD challenging daily highs
FXstreet.com (Córdoba) - The USD/CAD failed to break above the 1.0450 area despite a couple of attempts Tuesday and retreated somewhat at the beginning of the American session.
The USD/CAD dipped to a session low of 1.0427 but managed to bounce and remained in positive ground for the day. The pair is currently trading at the 1.0445 zone, 0.2% above its opening price, having been as low as 1.0415 at one stage, weighed by PBoC's news.
USD/CAD technical levels
In terms of technical levels, if the USD/CAD manages to break above 1.0450, next resistances are seen at 1.0484 (Nov 15 high) and 1.0455 (10-day SMA). On the flip side, supports could be found at 1.0414 (Nov 19 & 18 lows) followed by 1.0400 (psychological level) and 1.0386 (100-day SMA).
The USD/CAD dipped to a session low of 1.0427 but managed to bounce and remained in positive ground for the day. The pair is currently trading at the 1.0445 zone, 0.2% above its opening price, having been as low as 1.0415 at one stage, weighed by PBoC's news.
USD/CAD technical levels
In terms of technical levels, if the USD/CAD manages to break above 1.0450, next resistances are seen at 1.0484 (Nov 15 high) and 1.0455 (10-day SMA). On the flip side, supports could be found at 1.0414 (Nov 19 & 18 lows) followed by 1.0400 (psychological level) and 1.0386 (100-day SMA).