Forex: USD/CAD falls after testing 1-week highs
Forex pairs in this Article »
USD/CAD
FXstreet.com (San Francisco) - After being rejected by the 1-week high at 0.9880, Dec 17th high, the USDCAD has been launched to the 0.9860 level, where the pair is trading right now. The USDCAD is 0.11% above opening price action.
Bijoy Kar of MIG Bank notes that the pair is moving sideways between the support at 0.9825 (13/12/2012 low) and the resistance at 0.9888 (10/12/2012 high). The recent break of the support at 0.9875 (07/11/2012 low) favours a bearish bias. Another support is at 0.9764 (11/10/2012 low).
Bijoy Kar of MIG Bank notes that the pair is moving sideways between the support at 0.9825 (13/12/2012 low) and the resistance at 0.9888 (10/12/2012 high). The recent break of the support at 0.9875 (07/11/2012 low) favours a bearish bias. Another support is at 0.9764 (11/10/2012 low).
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