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5 Aug 2013
USD/CAD remains capped by 1.0400
FXstreet.com (Córdoba) - The USD/CAD failed to benefit from better-than-expected US ISM services data and remained trapped in a range just below the 1.0400 mark.
Even though USD/CAD attempted to jump on the data, the 1.0400 mark capped the upside and confined the pair to further consolidation. At time of writing, USD/CAD is trading around 1.0390, a few pips above its opening price, having hit a daily high of 1.0402.
USD/CAD technical levels
As for technical levels, if USD/CAD manages to break decisively above 1.0400, next resistances are seen at 1.0415 (30-day SMA) and 1.0445 (Jul 17 high). On the other hand, supports could be found at 1.0360 (10-day SMA) and 1.0300 (psychological level).
Even though USD/CAD attempted to jump on the data, the 1.0400 mark capped the upside and confined the pair to further consolidation. At time of writing, USD/CAD is trading around 1.0390, a few pips above its opening price, having hit a daily high of 1.0402.
USD/CAD technical levels
As for technical levels, if USD/CAD manages to break decisively above 1.0400, next resistances are seen at 1.0415 (30-day SMA) and 1.0445 (Jul 17 high). On the other hand, supports could be found at 1.0360 (10-day SMA) and 1.0300 (psychological level).