USD/CAD bounces at 1.1370; back to 1.1400

FXStreet (San Francisco) - The USD/CAD fell 80 pips from 1.1450 before finding a floor at 1.1370 where the pair observed buying interest that sent it back to the 1.1400 area.

Currently, USD/CAD is trading at 1.1397, down -0.11% on the day, having posted a daily high at 1.1468 and low at 1.1371. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish.

USD/CAD levels

If the USDC/CAD extends bounce above 1.1400, it will find next resistances at 1.1450 and 1.1465. To the downside, supports are at 1.1370, 1.1340 and 1.1310.