USD/CAD extends decline to 1.0650

FXStreet (San Francisco) - The US dollar is extending its decline against its Canadian counterpart and after following a 25-pip decline from 1.0675, the USD/CAD is now testing the 1.0650 level.

Currently, USD/CAD is trading at 1.0655, up 0.04% on the day, having posted a daily high at 1.0678 and low at 1.0645. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.

USD/CAD levels

If the pair continues to fall, the USD/CAD will test back yesterday's lows at 1.0640 ahead of 1.0630 and 1.0620. On the upside, 1.0675, 1.0685 and 1.0690 are resistance.