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16 Sep 2013
USD/CAD hits daily highs
FXstreet.com (Córdoba) - The USD/CAD pushed higher and retraced some of its recent losses following solid US industrial production data.
After finding support at the 1.0280 zone, USD/CAD bounced and having received another boost in recent dealings it printed a fresh daily high of 1.0323 before losing momentum. At time of writing, USD/CAD is trading at 1.0310, virtually unchanged since opening but still 0.3% below Friday’s close.
USD/CAD levels to watch
In terms of technical levels, USD/CAD could find immediate supports at 1.0282 (daily low), 1.0275 (Aug 9 low) and 1.0245 (Jul 31 low). On the other hand, resistances are seen at 1.0335 (100-day SMA), 1.0345 (Friday’s close) and then at 1.0380/85 (Sep 10 high/200-hour SMA).
After finding support at the 1.0280 zone, USD/CAD bounced and having received another boost in recent dealings it printed a fresh daily high of 1.0323 before losing momentum. At time of writing, USD/CAD is trading at 1.0310, virtually unchanged since opening but still 0.3% below Friday’s close.
USD/CAD levels to watch
In terms of technical levels, USD/CAD could find immediate supports at 1.0282 (daily low), 1.0275 (Aug 9 low) and 1.0245 (Jul 31 low). On the other hand, resistances are seen at 1.0335 (100-day SMA), 1.0345 (Friday’s close) and then at 1.0380/85 (Sep 10 high/200-hour SMA).