USD/CAD extends decline below 1.0900

FXStreet (San Francisco) - The US dollar is extending its decline against its Canadian counterpart and after falling around 40 pips from daily highs at 1.0925, the USD/CAD is testing 1.0885 support.

Currently, USD/CAD is trading at 1.0893, down 0.01% on the day, having posted a daily high at 1.0928 and low at 1.0884. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

USDC/CAD levels

Below the 1.0885, the USD/CAD would face next supports at 1.0875 and 1.0215. On the upside, resistances are at 1.0900, 1.0915 and 1.0925.