10 Jun 2013
USD/CAD bounces off lows
FXstreet.com (Córdoba) - The USD/CAD bounced from lows back above the 1.0200 mark, as the greenback strengthened at the beginning of the New York session.
USD/CAD had fallen to daily lows at the 1.0180 area following upbeat Canadian housing data, but found support once again at that level. USD/CAD has managed to trim losses, and it is currently trading at the 1.0200/05 region, still 0.2% below its opening price.
As for technical levels, immediate resistances are seen at 1.0225 (daily highs) and 1.0285/90 (Jun 7 high/100-hour SMA), while supports could be faced at 1.0170 (100-day SMA) and 1.0150 (May 16 low).
USD/CAD had fallen to daily lows at the 1.0180 area following upbeat Canadian housing data, but found support once again at that level. USD/CAD has managed to trim losses, and it is currently trading at the 1.0200/05 region, still 0.2% below its opening price.
As for technical levels, immediate resistances are seen at 1.0225 (daily highs) and 1.0285/90 (Jun 7 high/100-hour SMA), while supports could be faced at 1.0170 (100-day SMA) and 1.0150 (May 16 low).