USD/CAD consolidates around 1.0350

FXstreet.com (Córdoba) - The USD/CAD consolidates losses at the 1.0350 area during the American session as some US markets remain closed due to the Columbus Day and Canada closed for Thanksgiving.

The USD/CAD gapped higher at the opening but quickly erased gains and fell to the 1.0340 area before steading in a slim range. At time of writing, USD/CAD is trading at the 1.0350 area, still 0.2% below its opening price.

USD/CAD technical levels

As for technical levels, USD/CAD could face supports at 1.0340 (Oct 11 &14 low) and 1.0305/00 (psychological level/Oct 8 low), while on the other hand, resistances are now seen 1.0370 (daily high) and 1.0400 (psychological level).