3 Jul 2013
USD/CAD falls to test intra-day lows at 1.0515
FXstreet.com (San Francisco) - After falling around 50 pips in the last two hours, the USD/CAD has tested the intra-day low at 1.0515 where the pair has found support and has bounced back to price at 1.0535.
Currently, the USD/CAD is trading at 1.0337, 0.07% down on the day. The short term perspective is strongly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
Below the 1.0515, next supports are at 1.0500 and 1.0485. On the other side and with the pair above the 1.0515, next resistances are at 1.0550 area, 1.0565 and 1.0575.
Currently, the USD/CAD is trading at 1.0337, 0.07% down on the day. The short term perspective is strongly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
Below the 1.0515, next supports are at 1.0500 and 1.0485. On the other side and with the pair above the 1.0515, next resistances are at 1.0550 area, 1.0565 and 1.0575.