26 Mar 2014
USD/CAD tests 1.1120 again
FXStreet (San Francisco) - The USD/CAD is falling for fourth day in a row as the pair is trading under pressure on the back of increasing risk appetite and USD weakness.
The pair was rejected by the 200-hour MA level around 1.1165 in the American morning, and after falling around 45 pips the USD/CAD is testing now the 1.1120 again.
USD/CAD sentiment
The pair is currently trading at 1.1125, 0.33% negative on the day. The short term perspective remains slightly bearish according to the FXStreet's trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic sis bullish.
Below the 1.1120, the USD/CAD would face supports at 1.1105 and 1.1050. On the upside, resistances are at 1.1165, 1.1185 and 1.1205.
The pair was rejected by the 200-hour MA level around 1.1165 in the American morning, and after falling around 45 pips the USD/CAD is testing now the 1.1120 again.
USD/CAD sentiment
The pair is currently trading at 1.1125, 0.33% negative on the day. The short term perspective remains slightly bearish according to the FXStreet's trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic sis bullish.
Below the 1.1120, the USD/CAD would face supports at 1.1105 and 1.1050. On the upside, resistances are at 1.1165, 1.1185 and 1.1205.