21 Jul 2014
USD/CAD finds support around 1.0730
FXStreet (San Francisco) - After falling around 25 pips from 1.0750 in the American morning, the USD/CAD found support around 1.0725 where the pair remains now trading in consolidation pattern.
Currently, USD/CAD is trading at 1.0735, up 0.01% on the day, having posted a daily high at 1.0754 and low at 1.0724. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/CAD levels
The pair is now testing the lower side of the recent range around 1.0725, if the pair manages to break it, next supports would be 1.0710 and 1.0690. On the upside, resistances are at 1.0750, 1.0760 and 1.0790.
Currently, USD/CAD is trading at 1.0735, up 0.01% on the day, having posted a daily high at 1.0754 and low at 1.0724. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/CAD levels
The pair is now testing the lower side of the recent range around 1.0725, if the pair manages to break it, next supports would be 1.0710 and 1.0690. On the upside, resistances are at 1.0750, 1.0760 and 1.0790.