25 Jul 2013
USD/CAD finds support at 1.0275
FXstreet.com (Córdoba) - The USD/CAD pierced the 1.0300 psychological level and stretched to fresh daily lows as the greenback weakened broadly during the American session.
USD/CAD hovers below 1.0300
The USD/CAD fell to a low of 1.0275 following the release of mixed US data but the Loonie lacked momentum to drag the pair lower, and settled in a slim range over the last hours. At time of writing, USD/CAD is trading around 1.0280, 0.3% below its opening price.
USD/CAD levels, 100-day SMA in sight
In terms of technical levels, if USD/CAD falls below 1.0275, next support is seen at the 1.0266/60 area where the 100-day SMA Jul 24 low converge. On the other hand, resistances could be found at 1.0300 (psychological level) and 1.0320 (daily high).
USD/CAD hovers below 1.0300
The USD/CAD fell to a low of 1.0275 following the release of mixed US data but the Loonie lacked momentum to drag the pair lower, and settled in a slim range over the last hours. At time of writing, USD/CAD is trading around 1.0280, 0.3% below its opening price.
USD/CAD levels, 100-day SMA in sight
In terms of technical levels, if USD/CAD falls below 1.0275, next support is seen at the 1.0266/60 area where the 100-day SMA Jul 24 low converge. On the other hand, resistances could be found at 1.0300 (psychological level) and 1.0320 (daily high).