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4 Jun 2013
USD/CAD's advance finds resistance at 1.0360
FXstreet.com (San Francisco) - After rising around 65 pips from the 1.0305 area in the American session, the USD/CAD found resistance at the 1.0360 intra-day level with the pair retracing to price around 1.0340.
Currently, the pair is trading at 1.0345, still 0.69% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the MACD and the Stochastic are neutral.
In terms of technical levels, USD/CAD could face next resistances at 1.0360 (daily high) and the 1.0375/80 (May 31/Jun 3 highs). On the other hand, supports could be found at 1.0330 (100-hour SMA) and 1.0300 (psychological level).
Currently, the pair is trading at 1.0345, still 0.69% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the MACD and the Stochastic are neutral.
In terms of technical levels, USD/CAD could face next resistances at 1.0360 (daily high) and the 1.0375/80 (May 31/Jun 3 highs). On the other hand, supports could be found at 1.0330 (100-hour SMA) and 1.0300 (psychological level).