28 Apr 2015
USD/CAD resumes the slide, hits 3-month low
FXStreet (Córdoba) - Following a short-lived spike, USD/CAD resumed the slide and hit fresh 3-month lows during the New York session as the greenback weakened broadly following disappointing US consumer confidence data.
US consumer confidence deteriorated in April, with the Conference board index falling to 95.2 versus 102.5 expected and 101.3 scored the previous month. USD/CAD retreated from a session high of 1.2100 to a low of 1.2034 in recent dealings. At time of writing, the pair is trading at 1.2045, down 0.33% on the day.
USD/CAD levels to watch
In terms of technical levels, USD/CAD could find immediate supports at 1.2000 (psychological level) and 1.1985 (Jan 9 low). On the other hand, resistances are seen at 1.2100 (psychological level/intraday resistance) and 1.2116 (daily high).
US consumer confidence deteriorated in April, with the Conference board index falling to 95.2 versus 102.5 expected and 101.3 scored the previous month. USD/CAD retreated from a session high of 1.2100 to a low of 1.2034 in recent dealings. At time of writing, the pair is trading at 1.2045, down 0.33% on the day.
USD/CAD levels to watch
In terms of technical levels, USD/CAD could find immediate supports at 1.2000 (psychological level) and 1.1985 (Jan 9 low). On the other hand, resistances are seen at 1.2100 (psychological level/intraday resistance) and 1.2116 (daily high).