USD/CAD trades brief above 1.0900

FXStreet (San Francisco) - The US Dollar traded higher in the American session against its Canadian counterpart and following a 55-pip advance from 1.0860, the USD/CAD found resistance at 1.0915 where the pair was rejected and launched back to 1.0880.

Currently, USD/CAD is trading at 1.0897, up 0.43% on the day, having posted a daily high at 1.0918 and low at 1.0846. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.

USD/CAD levels

If the pair extends decline below the 1.0880, it would face supports at 1.0850 and 1.0815. On the upside, resistances are at 1.0915, 1.0950 and 1.1000.