24 Sep 2013
USD/CAD hesitant around 1.0300
FXstreet.com (Córdoba) - As most pairs in the FX market, the USD/CAD has spent most of the day in a range as investors seem hesitant regarding what side to take regarding the USD.
USD/CAD stuck in a range
USD/CAD fell to a session low of 1.0268 at the beginning of the American session but quickly bounced back above the 1.0300 mark although it couldn’t sustain either the bullish momentum and settled around mid-range. From a wider perspective, the pair remains stuck in a range constrained by 1.0268 on the downside and 1.0310 on the upside.
USD/CAD technical levels
At time of writing, USD/CAD is trading at the 1.0295 zone, 0.1% above its opening price. In terms of technical levels, immediate resistances are seen at 1.0310 (daily high) and 1.0317 (Sep 18 high) ahead of 1.0348 (100-day SMA). On the downside, supports are seen at 1.0268 (daily low) and 1.0215 (200-day SMA).
USD/CAD stuck in a range
USD/CAD fell to a session low of 1.0268 at the beginning of the American session but quickly bounced back above the 1.0300 mark although it couldn’t sustain either the bullish momentum and settled around mid-range. From a wider perspective, the pair remains stuck in a range constrained by 1.0268 on the downside and 1.0310 on the upside.
USD/CAD technical levels
At time of writing, USD/CAD is trading at the 1.0295 zone, 0.1% above its opening price. In terms of technical levels, immediate resistances are seen at 1.0310 (daily high) and 1.0317 (Sep 18 high) ahead of 1.0348 (100-day SMA). On the downside, supports are seen at 1.0268 (daily low) and 1.0215 (200-day SMA).