Back
25 Feb 2014
USD/CAD lacks momentum
FXStreet (Córdoba) - The USD/CAD advanced modestly Tuesday as the latest string of US data had little impact on the pair.
The USD/CAD peeped above the 100-hour SMA and reached a daily high of 1.1095 during the New York session although it lacked momentum to trigger an upward continuation. At time of writing, the USD/CAD is trading at the 1.1080 zone, up 0.2% on the day.
USD/CAD levels to watch
In terms of technical levels, the USD/CAD could find immediate resistances at 1.1095 (Feb 25 high), 1.1140 (Feb 24 high) and 1.1190 (Feb 21 high). On the other hand, supports are seen at 1.1053 (Feb 25 & 24 lows), 1.1025 (200-hour SMA) and 1.1000 (psychological level).
The USD/CAD peeped above the 100-hour SMA and reached a daily high of 1.1095 during the New York session although it lacked momentum to trigger an upward continuation. At time of writing, the USD/CAD is trading at the 1.1080 zone, up 0.2% on the day.
USD/CAD levels to watch
In terms of technical levels, the USD/CAD could find immediate resistances at 1.1095 (Feb 25 high), 1.1140 (Feb 24 high) and 1.1190 (Feb 21 high). On the other hand, supports are seen at 1.1053 (Feb 25 & 24 lows), 1.1025 (200-hour SMA) and 1.1000 (psychological level).