22 Aug 2013
USD/CAD at fresh 6-week highs
FXstreet.com (Córdoba) - The USD/CAD extended gains into a fifth day on Thursday, leaving several resistance levels behind, to reach a fresh 6-week high in recent dealings.
USD/CAD pierced above the 1.0515 resistance area and hit its highest since Jul 10 at 1.0525 before easing slightly, with the CAD undermined by really disappointing retail sales figures published earlier.
USD/CAD technical levels
At time of writing, USD/CAD is trading at the 1.0520 zone, where it records a 0.5% gain on the day, with next resistances seen at 1.0540 (Jul 0 high) and 1.0570 (Jul 9 high), while supports could be found at 1.0495 (20-hour SMA) and 1.0465 (daily low).
USD/CAD pierced above the 1.0515 resistance area and hit its highest since Jul 10 at 1.0525 before easing slightly, with the CAD undermined by really disappointing retail sales figures published earlier.
USD/CAD technical levels
At time of writing, USD/CAD is trading at the 1.0520 zone, where it records a 0.5% gain on the day, with next resistances seen at 1.0540 (Jul 0 high) and 1.0570 (Jul 9 high), while supports could be found at 1.0495 (20-hour SMA) and 1.0465 (daily low).