3 Jan 2014
USD/CAD falls toward 1.0600
FXstreet.com (Córdoba) - The USD/CAD has resumed the slide after the latest recovery attempt was capped by the 1.0675 zone during yesterday's NY session.
USD/CAD holding above 1.0600
The USD/CAD has pulled back sharply from highs as the greenback recedes on better risk sentiment, dropping to a low of 1.0601 so far. At time of writing, the USD/CAD is trading at the 1.0610 zone, recording a 0.5% loss on the day.
USD/CAD levels to watch
In terms of technical levels, if the USD/CAD falls below 1.0600, next supports are seen at 1.0587 (Jan 2 low) and 1.0580 (Dec 23 low). On the flip side, resistances could be found at 1.0677 (Jan 2 high), 1.0700 (psychological level) and 1.0726 (Dec 30 high).
USD/CAD holding above 1.0600
The USD/CAD has pulled back sharply from highs as the greenback recedes on better risk sentiment, dropping to a low of 1.0601 so far. At time of writing, the USD/CAD is trading at the 1.0610 zone, recording a 0.5% loss on the day.
USD/CAD levels to watch
In terms of technical levels, if the USD/CAD falls below 1.0600, next supports are seen at 1.0587 (Jan 2 low) and 1.0580 (Dec 23 low). On the flip side, resistances could be found at 1.0677 (Jan 2 high), 1.0700 (psychological level) and 1.0726 (Dec 30 high).