28 Oct 2014
USD/CAD unable to recover the 1.1200 level
FXStreet (San Francisco) - The USD/CAD's rebound at 1.1165 was stopped at the 1.1195 area where the pair found new selling interest that sent the unit back to 1.1185.
Earlier in the day, the USD/CAD completed a 90-pips decline from yesterday's maximum at 1.1250 to today's provisional lowest at 1.1165. Currently, USD/CAD is trading at 1.1191, down 0.50% on the day, having posted a daily high at 1.1255 and low at 1.1165.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/CAD level
If the pair extends rejection of 1.1195, it will find supports at 1.1165, 1.1150 and 1.1090. To the upside, resistances are at 1.1195, 1.1250 and 1.1290.
Earlier in the day, the USD/CAD completed a 90-pips decline from yesterday's maximum at 1.1250 to today's provisional lowest at 1.1165. Currently, USD/CAD is trading at 1.1191, down 0.50% on the day, having posted a daily high at 1.1255 and low at 1.1165.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/CAD level
If the pair extends rejection of 1.1195, it will find supports at 1.1165, 1.1150 and 1.1090. To the upside, resistances are at 1.1195, 1.1250 and 1.1290.