9 Dec 2014
USD/CAD retreats from 1.1500
FXStreet (Córdoba) - During the Asian session USD/CAD reached 1.1500 for the first time since 2009 but it was unable to break higher and pulled back. On European hours bottomed at 1.1458 and then rebounded but found resistance at 1.1485.
The pair was trading at 1.1468, down 0.10% for the day, falling for the first time after rising during the previous three trading days and after posting yesterday the highest close in five years.
USD/CAD levels to watch
To the upside, immediate resistance lies at 1.1485 (intraday level) and above here at 1.1500 (daily high) and 1.1540/50. On the oposite direction, support might lie at 1.1455/60 (daily low), 1.1425 (Dec 8 low) and 1.1385.
The pair was trading at 1.1468, down 0.10% for the day, falling for the first time after rising during the previous three trading days and after posting yesterday the highest close in five years.
USD/CAD levels to watch
To the upside, immediate resistance lies at 1.1485 (intraday level) and above here at 1.1500 (daily high) and 1.1540/50. On the oposite direction, support might lie at 1.1455/60 (daily low), 1.1425 (Dec 8 low) and 1.1385.