USD/CAD can't hold above 1.1200... for now

FXStreet (San Francisco) - The USD/CAD's overnight rally from 1.1150 jumped above the 1.1200 level to reach fresh intra-day highs around 1.1210 where the pair found selling interest that sent it back below 1.1200.

Currently, USD/CAD is trading at 1.1186, up 0.14% on the day, having posted a daily high at 1.1212 and low at 1.1146. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.

USD/CAD Levels

If the pair extends rejection, it will face supports at 1.1150, 1.1110 and 1.1100. To the upside, resistances are at 1.1210, 1.1220 and 1.1270.