Back
15 Apr 2013
Forex: USD/CAD finds support at 1.0190, back above 1.0200
FXstreet.com (San Francisco) - After falling around 35 pips from 10-day high at 1.0235 in the US opening bell, the USD/CAD has found support at 1.0190, where the pair has bounced to trade back above 1.0200. Currently the USD/CAD is pricing at 1.0207.
With 0.62% daily gains, the USD/CAD is trading slightly bullish according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are bullish while the Stochastic is bearish in the 1-hour chart.
Below the 1.0190, the pair could face supports at 1.0180 and 1.0150. On the other hand, resistances are at 1.0225 (intraday high), 1.0235 (Apr 5 high) and 1.0265 (Mar 22 high).
With 0.62% daily gains, the USD/CAD is trading slightly bullish according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are bullish while the Stochastic is bearish in the 1-hour chart.
Below the 1.0190, the pair could face supports at 1.0180 and 1.0150. On the other hand, resistances are at 1.0225 (intraday high), 1.0235 (Apr 5 high) and 1.0265 (Mar 22 high).