28 May 2014
USD/CAD climbs above 1.0880
FXStreet (Córdoba) - The ">USD/CAD rose further during the American session and printed a fresh daily high at 1.0886 and the highest price since last Friday. Ahead of Wall Street closing pair remains near the highs consolidating gains.
Greenback is headed toward the best day in a week against Loonie as currently the USD/CAD stands at 1.0881, up 0.22% for the day.
USD/CAD technical outlook
The pair is moving to the upside after it was rejected from below 1.0850. Yesterday and today traded below the mentioned level but it was failed to consolidate and rebounded. During the recent American session the pair broke above 1.0875 (May 26, 27 high) and gained more support.
Greenback is headed toward the best day in a week against Loonie as currently the USD/CAD stands at 1.0881, up 0.22% for the day.
USD/CAD technical outlook
The pair is moving to the upside after it was rejected from below 1.0850. Yesterday and today traded below the mentioned level but it was failed to consolidate and rebounded. During the recent American session the pair broke above 1.0875 (May 26, 27 high) and gained more support.