30 Jul 2013
USD/CAD steady after Canadian data
FXstreet.com (Córdoba) - The USD/CAD remained fairly steady around the flat line after data showed Canadian Industrial prices rose 0.3% in June.
USD/CAD resumes the decline
Having been rejected from the 1.0290 level during the European trade, USD/CAD turned lower and completely erased daily gains to presently trade virtually unchanged at the 1.0260 area, just a few pips below its 100-day SMA.
USD/CAD technical levels
As for technical levels, on the downside supports could be faced at 1.0252 (Jul 29 low) and 1.0200 (psychological level), while resistances are seen at 1.0290 (Jul 30 high) and 1.0315 (10-day SMA).
USD/CAD resumes the decline
Having been rejected from the 1.0290 level during the European trade, USD/CAD turned lower and completely erased daily gains to presently trade virtually unchanged at the 1.0260 area, just a few pips below its 100-day SMA.
USD/CAD technical levels
As for technical levels, on the downside supports could be faced at 1.0252 (Jul 29 low) and 1.0200 (psychological level), while resistances are seen at 1.0290 (Jul 30 high) and 1.0315 (10-day SMA).