Forex: USD/CAD consolidates around 0.9850
Forex pairs in this Article »
USD/CAD
FXstreet.com (Córdoba) - Even though the Loonie continues to consolidate inside a slim range versus the dollar on Friday, USDCAD managed to erase intraday losses after S&P decided to downgrade several Canadian banks and manufacturing numbers disappointed.
USDCAD recovered from a low of 0.9831 scored during the European session, but remained capped by the 0.9855 level. At time of writing, USDCAD is trading at the 0.9845 zone, little changed on the day.
As for technical levels, immediate resistances could be found at 0.9855, 0.9880 and 0.9900, while supports are seen at 0.9830, 0.9810 and 0.9765.
USDCAD recovered from a low of 0.9831 scored during the European session, but remained capped by the 0.9855 level. At time of writing, USDCAD is trading at the 0.9845 zone, little changed on the day.
As for technical levels, immediate resistances could be found at 0.9855, 0.9880 and 0.9900, while supports are seen at 0.9830, 0.9810 and 0.9765.
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