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USD/CAD jumps to test 1.0390

FXstreet.com (San Francisco) - After jumping around 70 pips in the last hour from 1.0325, the USD/CAD has broken the 1.0365 area to reach highest level since May 23th at 1.0390. Currently the pair is trading at 1.0375, 0.34% positive on the day.

The short term perspective in the USD/CAD is slightly bullish according to the FXstreet.com trend index in the 15-minutes chart. Indicators such as MACD, CCI and Momentum are bullish while the Stochastic is bearish.

Above the 1.0390, next resistances are at 1.0400 and 1.0445. On the downside, 1.0365, 1.0350 and 1.0325 are supports.

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