24 Mar 2014
USD/CAD falls to test 1.1200 post US data
FXStreet (San Francisco) - The US dollar extended its decline from 1.1245 to test the 1.1200 area just after the weaker than expected US PMI data release. Now the USD/CAD is trading at 1.1208, 0.10% negative on the day.
The short term perspective remains strongly bearish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
USD/CAD level
Below the 1.1200 area, the USD/CAD would face supports at 1.1175 and 1.1145. On the upside, resistances are 1.1225, 1.1245 and 1.1275.
The short term perspective remains strongly bearish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
USD/CAD level
Below the 1.1200 area, the USD/CAD would face supports at 1.1175 and 1.1145. On the upside, resistances are 1.1225, 1.1245 and 1.1275.