Back
11 Mar 2013
Forex: USD/CAD falls to daily lows
After attempting to recover the 1.0300 level but failed, the USD/CAD is trading lower to break down the 1.0265, previous daily low, to test the 1.0260 zone. Currently the pair is trading at 1.0265, 0.15% below opening price action.
As for technical indicators, CCI, Momentum and MACD are bearish while the Stochastic and the RSI are neutral. On the downside, 1.0260 looks like a key support level ahead 1.0235 and 1.0220. In the bullish side, 1.0290, 1.0300 and 1.0315 are resistances.
As for technical indicators, CCI, Momentum and MACD are bearish while the Stochastic and the RSI are neutral. On the downside, 1.0260 looks like a key support level ahead 1.0235 and 1.0220. In the bullish side, 1.0290, 1.0300 and 1.0315 are resistances.