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5 Jun 2013
USD/CAD jumps to 1.0380
FXstreet.com (San Francisco) - After finding support at intra-day low at 1.0325, the US dollar is currently trading higher against its Canadian counterpart with the USD/CAD jumping around 50 pips in the latest hour to test May 31th highs at 1.0380.
The USD/CAD is currently trading at 1.0375, 0.30% positive on the day. Short term perspective is slightly bullish according to the FXstreet.com Trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
Above 1.0355, next resistance is at 1.0389 (high Jun.3) ahead of 1.0421 (high May.29) and finally 1.0446 (high June 2012). On the downside, a break below 1.0261 (low Jun.3) would bring 1.0255 (MA21d) and then 1.0251 (low May 22).
The USD/CAD is currently trading at 1.0375, 0.30% positive on the day. Short term perspective is slightly bullish according to the FXstreet.com Trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
Above 1.0355, next resistance is at 1.0389 (high Jun.3) ahead of 1.0421 (high May.29) and finally 1.0446 (high June 2012). On the downside, a break below 1.0261 (low Jun.3) would bring 1.0255 (MA21d) and then 1.0251 (low May 22).