USD/CAD tests 1.0715

The US Dollar advanced further against its Canadian counterpart and following a 100 pips upside movement from 1.0615, the USD/CAD is now testing the 1.0715 resistance.

At this moment, the USD/CAD is moving at 1.0707, 0.60% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum are pointing to the north while the stochastic is bearish.

USD/CAD levels:

Above the 1.0715, the USD/CAD would face resistance at 1.0725 and 1.0735. On the downside, supports are at 1.0685, 1.0650 and 1.0615.