30 Oct 2013
USD/CAD soars to 1.0499
FXstreet.com (Chicago) - USD/CAD was one pip away from the 1.05 front after bulls outweighed bears to send the pair to session highs and altitudes not seen in almost two months.
The Fed maintained its monetary policy intact which comes in with no surprises as economic results have been very poor compared to expectations.
USD/CAD Technical Levels
Technically speaking, the pair is offered at 1.0487 and it oscillates between the supports aligned at 1.0474 (September 4th lows), 1.0445 (August 5th highs) ahead of 1.0418 (October 9th highs) and the resistances set at 1.0494 (session highs), 1.0517 (September 4th highs) followed by 1.0543 (September 2nd highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
The Fed maintained its monetary policy intact which comes in with no surprises as economic results have been very poor compared to expectations.
USD/CAD Technical Levels
Technically speaking, the pair is offered at 1.0487 and it oscillates between the supports aligned at 1.0474 (September 4th lows), 1.0445 (August 5th highs) ahead of 1.0418 (October 9th highs) and the resistances set at 1.0494 (session highs), 1.0517 (September 4th highs) followed by 1.0543 (September 2nd highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.