5 May 2014
USD/CAD extends advance to 1.0990
FXStreet (San Francisco) - The US Dollar is extending gains against its Canadian competitor amid crude oil decline and the Sterling bearish mood.
The USD/CAD peaked to 1.0990 following a 30 pips up-side movement from 1.0955 throughout today's session; however the pair found selling interest at this level and beside the US opening bell, the USD/CAD is trading back at 1.0970.
Currently, USD/CAD is trading at 1.0983, up 0.10% on the day, having posted a daily high at 1.0991 and low at 1.0953. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
USD/CAD levels
If the pair manages to break above 1.0990, next resistances are seen at 1.1000, 1.1015 and 1.1040. On the downside, supports are at 1.0955, 1.0940 and 1.0930.
The USD/CAD peaked to 1.0990 following a 30 pips up-side movement from 1.0955 throughout today's session; however the pair found selling interest at this level and beside the US opening bell, the USD/CAD is trading back at 1.0970.
Currently, USD/CAD is trading at 1.0983, up 0.10% on the day, having posted a daily high at 1.0991 and low at 1.0953. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
USD/CAD levels
If the pair manages to break above 1.0990, next resistances are seen at 1.1000, 1.1015 and 1.1040. On the downside, supports are at 1.0955, 1.0940 and 1.0930.