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5 Aug 2013
USD/CAD falls to fresh daily lows
FXstreet.com (Córdoba) - The USD/CAD fell sharply during the American session with the latest rejection from the 1.0400 area sending the pair to fresh lows.
USD/CAD breaks below 1.0380
The USD/CAD broke below the 1.0380 zone, triggering stops, and stretched to a fresh daily low of 1.0362 before stabilizing in a range. At time of writing, USD/CAD is trading at the 1.0365/70 area, where it records a 0.2% loss on Monday.
USD/CAD levels
In terms of technical levels, immediate supports could be found at 1.0360 (10-day SMA) and 1.0300 (psychological level), while on the flip side, resistances are seen at 1.0400 (psychological level), 1.0415 (30-day SMA) and 1.0445 (Jul 17 high).
USD/CAD breaks below 1.0380
The USD/CAD broke below the 1.0380 zone, triggering stops, and stretched to a fresh daily low of 1.0362 before stabilizing in a range. At time of writing, USD/CAD is trading at the 1.0365/70 area, where it records a 0.2% loss on Monday.
USD/CAD levels
In terms of technical levels, immediate supports could be found at 1.0360 (10-day SMA) and 1.0300 (psychological level), while on the flip side, resistances are seen at 1.0400 (psychological level), 1.0415 (30-day SMA) and 1.0445 (Jul 17 high).