4 Nov 2013
USD/CAD caps at 1.0430
FXstreet.com (Chicago) - USD/CAD has strengthened 1.25% this month but remains on break-even mode up 0.03% for the day.
USD/CAD Technical Levels
Technically speaking, the pair is stopped around the 1.0430 zone in the afternoon of the American trading session. Consolidating a reversal on bearish move that started last October 30th, the pair erases session losses and yet stalls at strong resistance. Offered at 1.0421, the pair oscillates between the supports aligned at 1.0418 (October 31st lows), 1.0395 (October 23rd highs) ahead of 1.0363 (October 23rd lows) and the resistances set at 1.0445 (November 3rd highs), 1.0474 (September 3rd lows) followed by 1.0494 (October 30th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
USD/CAD Technical Levels
Technically speaking, the pair is stopped around the 1.0430 zone in the afternoon of the American trading session. Consolidating a reversal on bearish move that started last October 30th, the pair erases session losses and yet stalls at strong resistance. Offered at 1.0421, the pair oscillates between the supports aligned at 1.0418 (October 31st lows), 1.0395 (October 23rd highs) ahead of 1.0363 (October 23rd lows) and the resistances set at 1.0445 (November 3rd highs), 1.0474 (September 3rd lows) followed by 1.0494 (October 30th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.