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23 Sep 2013
USD/CAD oscillates around 1.0300
FXstreet.com (Córdoba) - Following a short-lived dip seen during the European session, USD/CAD managed to bounce and returned to the 1.0300 area, erasing intraday losses.
The USD/CAD has spent most of the day in a range, constrained by 1.0283 on the downside and 1.0310 on the upside, unable to gather fresh momentum and with only a couple of second-tier US indicators in the calendar, the pair might enjoy a quiet session. At time of writing, USD/CAD is trading around 1.0300, virtually unchanged since opening.
USD/CAD levels to watch
In terms of technical levels, USD/CAD could find immediate resistances at 1.0335 (Sep 17 high), 1.0347/50 (100-day SMA/Sep 13 high) and 1.0380 (Sep 10 high). On the other hand, supports are seen at 1.0283 (daily low) and 1.0215 (200-day SMA) ahead of 1.0200 (psychological level).
The USD/CAD has spent most of the day in a range, constrained by 1.0283 on the downside and 1.0310 on the upside, unable to gather fresh momentum and with only a couple of second-tier US indicators in the calendar, the pair might enjoy a quiet session. At time of writing, USD/CAD is trading around 1.0300, virtually unchanged since opening.
USD/CAD levels to watch
In terms of technical levels, USD/CAD could find immediate resistances at 1.0335 (Sep 17 high), 1.0347/50 (100-day SMA/Sep 13 high) and 1.0380 (Sep 10 high). On the other hand, supports are seen at 1.0283 (daily low) and 1.0215 (200-day SMA) ahead of 1.0200 (psychological level).