Forex: USD/CAD moving sideways, between 0.9750 and 0.9780
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USD/CAD
FXstreet.com (Córdoba) - The Loonie is trading slightly higher against the Dollar on Monday on a flat session. The USD/CAD is moving in ranges between 0.9750 (daily low) and 0.9780, that is capping the upside since Asian hours.
Last Friday the pair rebounded at 0.9710 and rose more than 70 pips but it failed to rise back above 0.9800. During Monday's Asian session it fell from 0.9795 to 0.9750, where it found support.
According to Mataf.net support level lies lie at 0.9760, 0.9730 and below at 0.9710 while resistance is located at 0.9770, 0.9795 and above at 0.9810.
Despite rising against the Dollar, the Loonie is mostly lower across the board but is outperforming the Kiwi that is the worst performer.
Last Friday the pair rebounded at 0.9710 and rose more than 70 pips but it failed to rise back above 0.9800. During Monday's Asian session it fell from 0.9795 to 0.9750, where it found support.
According to Mataf.net support level lies lie at 0.9760, 0.9730 and below at 0.9710 while resistance is located at 0.9770, 0.9795 and above at 0.9810.
Despite rising against the Dollar, the Loonie is mostly lower across the board but is outperforming the Kiwi that is the worst performer.
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