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2 Apr 2014
USD/CAD tests 1.1000 area; but it holds
FXStreet (San Francisco) - The US Dollar traded 35 pips lower from 1.1040 against its Canadian counterpart in the European session; however the USD/CAD found support just ahead of 1.1000 key level. Now it is trading back to 1.1015.
Currently, USD/CAD is trading at 1.1014, down 0.08% on the day, having posted a daily high at 1.1043 and low at 1.1002. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.
At the time of writing, RSI is neutral at 41.00, up from 33.99 at the last hour close, while ADX is ranging at 27.92, down from 34.33 previous. The 200 SMA is declining and currently at 1.1039, down from the previous hour close at 1.1116
USD/CAD levels
Current price is 1.1016, with resistance ahead at 1.1024 (Daily Open), 1.1024 (Weekly Low), 1.1028 (Hourly 20 EMA), 1.1036 (Daily Classic PP) and 1.1043 (Daily High).
Next support to the downside can be found at 1.1011 (Yesterday's Low), 1.1002 (Daily Low), 1.0999 (Daily Classic S1), 1.0992 (Monthly Low) and 1.0975 (Daily Classic S2).
Currently, USD/CAD is trading at 1.1014, down 0.08% on the day, having posted a daily high at 1.1043 and low at 1.1002. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.
At the time of writing, RSI is neutral at 41.00, up from 33.99 at the last hour close, while ADX is ranging at 27.92, down from 34.33 previous. The 200 SMA is declining and currently at 1.1039, down from the previous hour close at 1.1116
USD/CAD levels
Current price is 1.1016, with resistance ahead at 1.1024 (Daily Open), 1.1024 (Weekly Low), 1.1028 (Hourly 20 EMA), 1.1036 (Daily Classic PP) and 1.1043 (Daily High).
Next support to the downside can be found at 1.1011 (Yesterday's Low), 1.1002 (Daily Low), 1.0999 (Daily Classic S1), 1.0992 (Monthly Low) and 1.0975 (Daily Classic S2).