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15 Jan 2015
USD/CAD bounces hard at 1.1800
FXStreet (San Francisco) - The volatile Thursday is also affecting the USD/CAD that after collapsing 190 pips from 1.1990, the pair found buying interest only in the 1.1800 area.
Now the USD/CAD is bouncing back above 1.1850, testing the MA 200 hours level of 1.1870. Currently, USD/CAD is trading at 1.1861, down 0.69% on the day, having posted a daily high at 1.1998 and low at 1.1802.
The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/CAD levels
If the pair extends 1.1800 bounce, it will find next resistances at the mentioned 1.1850, 1.1930 and 1.1990. To the downside, supports are at 1.1800, 1.1760 and 1.1730.
Now the USD/CAD is bouncing back above 1.1850, testing the MA 200 hours level of 1.1870. Currently, USD/CAD is trading at 1.1861, down 0.69% on the day, having posted a daily high at 1.1998 and low at 1.1802.
The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/CAD levels
If the pair extends 1.1800 bounce, it will find next resistances at the mentioned 1.1850, 1.1930 and 1.1990. To the downside, supports are at 1.1800, 1.1760 and 1.1730.