Back
15 Aug 2013
USD/CAD trades flat on the day
FXstreet.com (Córdoba) - After peaking at 1.0363 area in the wake of strong US jobless claims, the USD/CAD lost momentum and erased its intraday gains to trade nearly flat on the day.
USD/CAD retreated to the 1.0320 before being contained by the 20-hour SMA and bounced back to around opening levels. At time of writing, USD/CAD is trading at the 1.0340 area, where it is virtually unchanged since opening.
USD/CAD levels
In terms of technical levels, the USD/CAD could find immediate support levels at 1.0320 (20-hour SMA) and 1.0300 (psychological level). On the upside, resistances are seen at 1.0363 (daily high) and 1.0400 (psychological level).
USD/CAD retreated to the 1.0320 before being contained by the 20-hour SMA and bounced back to around opening levels. At time of writing, USD/CAD is trading at the 1.0340 area, where it is virtually unchanged since opening.
USD/CAD levels
In terms of technical levels, the USD/CAD could find immediate support levels at 1.0320 (20-hour SMA) and 1.0300 (psychological level). On the upside, resistances are seen at 1.0363 (daily high) and 1.0400 (psychological level).