23 Dec 2013
USD/CAD hits 6-day low
FXstreet.com (Córdoba) - The Canadian dollar strengthened Monday and dragged the USD/CAD to a 6-day low amid a softer greenback and helped by better-than-expected Canadian GDP.
The USD/CAD broke below the 1.0600 mark and dropped to its lowest level in almost a week at 1.0589, although it found support a few pips above last week's low and settled in a range over the last hours. At time of writing, the USD/CAD is trading at 1.0600, recording a 0.4% loss on the day.
USD/CAD technical levels
In terms of technical levels, the USD/CAD could find immediate supports at 1.0589/85 (Dec 18 low/psychological level) and 1.0571 (Dec 16 low). On the flip side, resistances are seen at 1.0652 (daily high), 1.0670 (Dec 9 high) and 1.0700 (psychological level).
The USD/CAD broke below the 1.0600 mark and dropped to its lowest level in almost a week at 1.0589, although it found support a few pips above last week's low and settled in a range over the last hours. At time of writing, the USD/CAD is trading at 1.0600, recording a 0.4% loss on the day.
USD/CAD technical levels
In terms of technical levels, the USD/CAD could find immediate supports at 1.0589/85 (Dec 18 low/psychological level) and 1.0571 (Dec 16 low). On the flip side, resistances are seen at 1.0652 (daily high), 1.0670 (Dec 9 high) and 1.0700 (psychological level).