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USD/CAD holds above 1.1200

FXStreet (San Francisco) - The USD/CAD fell 110 pips from 1.1290 post BoC decision until it found support below the 1.1200 level at 10-day lows around 1.1190. At this level, the pair found some buying interest that drove the pair back above 1.1200 where it remains now trading quietly.

Currently, USD/CAD is trading at 1.1227, up 0.06% on the day, having posted a daily high at 1.1294 and low at 1.1183. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

USD/CAD levels

If the pair consolidates bounces above 1.1200, it will face next resistances at 1.1230, 1.1290 and 1.1300. To the upside, below the 1.1200, next supports are at 1.1180, 1.1150 and the 1.1090 area.

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