30 Jul 2013
USD/CAD reached 1.0307 intraday high after breaking 1.0300 resistance
FXstreet.com (Chicago) - USD/CAD continued upward rally as pair rose above 1.0300 psychological resistance and reached new intraday high at 1.0307.
Price action indicated a final breakthrough as pair was able to reach beyond 1.0300 resistance. Trading at 1.0307 at moment of writing, the FXstreet studies reported pair as slightly bullish with all resistances set broken at 1.0278, 1.0303 followed by unreached 1.0329 resistance.
Earlier in the day, the pair had attempted to break above 1.0300 regions unsuccessfully as journey advanced. Up 0.40% or 41 pips since opening, EMAs at 5 and 10 days indicated buy signals along a MACD indicator pointing up for 15-minute timeframe analysis.
Price action indicated a final breakthrough as pair was able to reach beyond 1.0300 resistance. Trading at 1.0307 at moment of writing, the FXstreet studies reported pair as slightly bullish with all resistances set broken at 1.0278, 1.0303 followed by unreached 1.0329 resistance.
Earlier in the day, the pair had attempted to break above 1.0300 regions unsuccessfully as journey advanced. Up 0.40% or 41 pips since opening, EMAs at 5 and 10 days indicated buy signals along a MACD indicator pointing up for 15-minute timeframe analysis.