Forex: USD/CAD erases daily losses
Forex pairs in this Article »
USD/CAD
FXstreet.com (Córdoba) - The Canadian dollar failed to sustain intraday gains versus the dollar and returned to opening levels during the American session, with trading subdued as US markets remain partially closed due to the Veteran's Day.
USDCAD had bottomed at 0.9984 during the European session but bounced back above the parity level to hit a high of 1.0005 before losing momentum. At time of writing, USDCAD is quoting at the 0.9995 area, where it is virtually unchanged since opening.
As for technical levels, immediate resistances are seen at the 1.0000/05 zone, 1.0035 and 1.0060, while supports could be found at 0.9980, 0.9950 and 0.9900.
USDCAD had bottomed at 0.9984 during the European session but bounced back above the parity level to hit a high of 1.0005 before losing momentum. At time of writing, USDCAD is quoting at the 0.9995 area, where it is virtually unchanged since opening.
As for technical levels, immediate resistances are seen at the 1.0000/05 zone, 1.0035 and 1.0060, while supports could be found at 0.9980, 0.9950 and 0.9900.
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