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USD/CAD turns lower and trims gains

FXstreet.com (Córdoba) - The USD/CAD has fallen back below the 1.0300 mark during the American afternoon as the greenback weakens across the board without a clear catalyst.

USD/CAD retreated from a 2 ½-month high of 1.0320 and slipped to the 1.0255 area, erasing most of its intraday gains. At time of writing, USD/CAD is trading around 1.0265, still up 0.2% on the day.

As for technical levels, immediate supports are seen at 1.0230 (100-hour SMA) and 1.0215 (low May 20), while next resistances could be found at 1.0295 (high May 20) and 1.0320 (daily high).

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