Filed Under:
Forex pairs in this Article » USD/CAD (Córdoba) - After reaching a 2-week high of 1.0086, the US dollar gave up earlier gains against the loonie, as it weakened broadly on better risk sentiment.

USDCAD was rejected once again from the 1.0080/85 area on Tuesday, and slid back toward 1.0045 ahead of the New York open. At time of writing, USDCAD is trading around 1.0050/55 where it is virtually unchanged on the day.

In terms of technical levels, the analyst team locates next supports at 1.0040 and 1.0005, while they see resistances at 1.0085, 1.0100 and 1.0110.
comments powered by Disqus