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Aug 29, 2014
USD/CAD follows through to gain a positive close on the session
FXStreet (Guatemala) - USD/CAD is trading at 1.0874, up 0.13% on the day, having posted a daily high at 1.0877 and low at 1.0810.
USD/CAD has extended the pull back and a follow through has occurred on the move away from the lows of the day. With Canada’s decent GDP results now digested, the greenback has recovered ground well into the closing hours with end of month flows executed, ready for the start of next months trading activity. Looking to momentum indicators, the hourly 200 SMA is currently at 1.0854, down from the last close at 1.0926 and declining.
USD/CAD hourly levels
Current price is 1.0875, with resistance ahead at 1.0877 (Daily Classic R1), 1.0882 (Weekly Classic S1), 1.0887 (Daily 200 SMA) and 1.0892 (Daily Classic R2). Next support to the downside can be found at 1.0871, 1.0863 (Daily 100 SMA) and 1.0855 (Daily Classic PP).
USD/CAD has extended the pull back and a follow through has occurred on the move away from the lows of the day. With Canada’s decent GDP results now digested, the greenback has recovered ground well into the closing hours with end of month flows executed, ready for the start of next months trading activity. Looking to momentum indicators, the hourly 200 SMA is currently at 1.0854, down from the last close at 1.0926 and declining.
USD/CAD hourly levels
Current price is 1.0875, with resistance ahead at 1.0877 (Daily Classic R1), 1.0882 (Weekly Classic S1), 1.0887 (Daily 200 SMA) and 1.0892 (Daily Classic R2). Next support to the downside can be found at 1.0871, 1.0863 (Daily 100 SMA) and 1.0855 (Daily Classic PP).