23 Jul 2013
USD/CAD dumps to test 1.0300
FXstreet.com (London) - USD/CAD is testing the downside after the release of much better than expected Canadian Retail Sales results.
USD/CAD dropped through 1.0300 momentarily from 1.0337 to 1.0296 and has since recovered above 1.0300 within a 10 pip range. The data shows the Canadian Retail Sales improved and beat expectations of 0.3% previous 0.2% and came in at 1.9%. Next up we have the US Housing Price Index at 1GMT.
USD/CAD Levels
20dma 1.0453, 50dma 1.0356, 200dma 1.0121. RSI 38.16. Support 1.0170, 1.0248, 1.0269 after 1.0300. Resistances, 1.0393, 1.0445, 1.0472, 1.0526. The trading ranges for today are between the key support at 1.0248 and the key resistance at 1.0445.
USD/CAD dropped through 1.0300 momentarily from 1.0337 to 1.0296 and has since recovered above 1.0300 within a 10 pip range. The data shows the Canadian Retail Sales improved and beat expectations of 0.3% previous 0.2% and came in at 1.9%. Next up we have the US Housing Price Index at 1GMT.
USD/CAD Levels
20dma 1.0453, 50dma 1.0356, 200dma 1.0121. RSI 38.16. Support 1.0170, 1.0248, 1.0269 after 1.0300. Resistances, 1.0393, 1.0445, 1.0472, 1.0526. The trading ranges for today are between the key support at 1.0248 and the key resistance at 1.0445.