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USD/CAD flat, hovering around 1.1170

FXStreet (Córdoba) - The loonie was unchanged against the US dollar on Wednesday, moving within a small trading range. USD/CAD bottomed during the Asian session at 1.1147 and then bounced to the upside and peaked at 1.1187.

It was steady, trading at 1.1165/70, around the same price it closed yesterday as traders await the release of the FOMC minutes; but before at 12:15 GMT, the Canadian Housing Starts report for September will be released.

USD/CAD levels to consider

Resistance levels could be located at 1.1185/90 (daily high) and above here at 1.1215/20 (Oct 1 high) and 1.1245. On the opposite direction, support might be located at 1.1145 (daily low) followed by 1.1125/30 (Oct 7 low) and 1.1110 (Oct 6 low).

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