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USD/CAD back into line

FXStreet (Guatemala) - USD/CAD is trading at 1.0854, down -0.06% on the day, having posted a daily high at 1.0865 and low at 1.0810.

USD/CAD losses have been pulled back on a stronger dollar with month end flows balanced as we enter the closing hours for the week. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. Analysts at TD Securities explained that USD/CAD's weak technical bias extends; “We think losses may extend to the low 1.07s in the next 2-4 weeks”.

USD/CAD hourly levels

Spot is presently trading at 1.0855, and next resistance can be seen at 1.0855 (Daily Classic PP), 1.0861 (Daily Open), 1.0861 (Weekly Low), 1.0863 (Daily 100 SMA) and 1.0865 (Daily High). Support below can be found at 1.0853 (Monthly Low), 1.0852 (Hourly 20 EMA), 1.0840 (Daily Classic S1), 1.0834 (Yesterday's Low) and 1.0819 (Weekly Classic S2).

EUR/USD plummets and breaks a new daily low

EUR/USD is trading at 1.3143, down -0.28% on the day, having posted a daily high at 1.3197 and low at 1.3142.
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