Forex: USD/CAD's recovery halted at 0.9870; back to 0.9850
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USD/CAD
FXstreet.com (San Francisco) - Following a drop from 0.9970, the USDCAD tried to bounce at 0.9835 but the recovery has been halted at 0.9870 with the pair trading back toward 0.9850.
Currently the USDCAD is trading at 0.9855, 0.88% down so far today. Next support lies at 0.9832 (low Dec.18) followed by 0.9825 (low Dec.13) and finally 0.9818 (Upper Bollinger).
On the upside, a breakout of 0.9886 (MA100d) would bring 0.9897 (MA21d) and then 0.9943 (hourly high Jan.2).
Currently the USDCAD is trading at 0.9855, 0.88% down so far today. Next support lies at 0.9832 (low Dec.18) followed by 0.9825 (low Dec.13) and finally 0.9818 (Upper Bollinger).
On the upside, a breakout of 0.9886 (MA100d) would bring 0.9897 (MA21d) and then 0.9943 (hourly high Jan.2).
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