12 Feb 2014
USD/CAD consolidates below 1.1000
FXStreet (Córdoba) - The USD/CAD trades marginally lower on the day supported by positive sentiment in financial markets, having spent most of the day in a slim range below 1.1000.
In the absence of major events in US or Canada, the USD/CAD lost the 1.1000 mark and bottomed out at 1.0975 at the beginning of the American session to finally settle around 1.0990, where it records a 0.2% loss on the day.
USD/CAD levels to watch
In terms of technical levels, the USD/CAD could find immediate supports at 1.0975 (Feb 12 low), 1.0967 (Feb 7 low). On the other hand, resistances could be faced at 1.1010 (Feb 12 high) and 1.1055 (21-day SMA).
In the absence of major events in US or Canada, the USD/CAD lost the 1.1000 mark and bottomed out at 1.0975 at the beginning of the American session to finally settle around 1.0990, where it records a 0.2% loss on the day.
USD/CAD levels to watch
In terms of technical levels, the USD/CAD could find immediate supports at 1.0975 (Feb 12 low), 1.0967 (Feb 7 low). On the other hand, resistances could be faced at 1.1010 (Feb 12 high) and 1.1055 (21-day SMA).