USD/CAD pocketed flat gains on failed attempts to prevent larger losses

FXstreet.com (Chicago) - USD/CAD touched solid grounds as price was held within 1.0270 and 1.0280 levels.

In the US, markets closed in green with DOW up 0.02%, NASDAQ up at 0.22% and S&P positive 0.08% as earlier losses were erased on positive corporate earnings results and outlook for central bank meetings next week.

Price action indicated pair stabilized at 1.0271 after dropping from 1.0285 to 1.0269 within minutes. The FXstreet technical studies reported pair as slightly bearish with key support set at 1.0233 and key resistance at 1.0300.