USD/CAD extends rejection to 1.0970

FXStreet (San Francisco) - After peaking to 1.0995 on risk aversion amid disappointing US jobless claims data, the USD/CAD found selling interest just ahead the 1.1000 area and now the pair is off of highs around 1.0970.

Currently, USD/CAD is trading at 1.0976, up 0.14% on the day, having posted a daily high at 1.0997 and low at 1.0953. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

USD/CAD levels

Below the 1.0970, the USD/CAD would face supports at 1.0960 and 1.0940. On the upside, resistances are at 1.1000, 1.1050 and 1.1070.