Forex: USD/CAD rally capped by 21-day EMA
Forex pairs in this Article » USD/CAD
FXstreet.com (San Francisco) - USDCAD is consolidating intraday gains this Thursday in North America, last quoted at 0.9925 after stalling at the 21-day EMA (0.9931), now recording a 0.3% gain on the day. If the upward pressure extends above the mean in the hours and sessions ahead, the next resistance to overcome is the 0.9950 price zone (Aug 22 high), then 0.9980 (200 EMA, 4h). To the downside, support may be found at 0.9910 (21-hour EMA) and, below there, 0.9903 (Aug 20 high).