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31 Mar 2014
USD/CAD tests 1.1000
FXStreet (San Francisco) - The USD/CAD declined around 60 pips in the early American morning to test the 1.1000 key level where the pair found support. Now it is pricing back at 1.1020.
Having made a daily high at 1.1069 and low at 1.1000, USD/CAD spot is down -0.31% on the day and presently trading at 1.1025. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
Currently RSI is at 35.06, down from the last hourly print at 38.29, with ADX at 13.34, up from its previous close at 12.78. Looking to momentum indicators, the hourly 200 SMA is currently at 1.1045, down from the last close at 1.1155 and declining.
USD/CAD levels
With spot trading at 1.1020, we can see next resistance ahead at 1.1031 (Weekly Low), 1.1045 (Hourly 20 EMA), 1.1046 (Daily Classic PP), 1.1066 (Daily Open) and 1.1069 (Daily High).
To the downside we see next support at 1.1012 (Daily Classic S1), 1.1001 (Daily Low), 1.0998 (Yesterday's Low), 1.0992 (Monthly Low) and 1.0965 (Daily Classic S2).
Having made a daily high at 1.1069 and low at 1.1000, USD/CAD spot is down -0.31% on the day and presently trading at 1.1025. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
Currently RSI is at 35.06, down from the last hourly print at 38.29, with ADX at 13.34, up from its previous close at 12.78. Looking to momentum indicators, the hourly 200 SMA is currently at 1.1045, down from the last close at 1.1155 and declining.
USD/CAD levels
With spot trading at 1.1020, we can see next resistance ahead at 1.1031 (Weekly Low), 1.1045 (Hourly 20 EMA), 1.1046 (Daily Classic PP), 1.1066 (Daily Open) and 1.1069 (Daily High).
To the downside we see next support at 1.1012 (Daily Classic S1), 1.1001 (Daily Low), 1.0998 (Yesterday's Low), 1.0992 (Monthly Low) and 1.0965 (Daily Classic S2).