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USD/CAD unable to recover the 1.1200 level

FXStreet (San Francisco) - The USD/CAD's rebound at 1.1165 was stopped at the 1.1195 area where the pair found new selling interest that sent the unit back to 1.1185.

Earlier in the day, the USD/CAD completed a 90-pips decline from yesterday's maximum at 1.1250 to today's provisional lowest at 1.1165. Currently, USD/CAD is trading at 1.1191, down 0.50% on the day, having posted a daily high at 1.1255 and low at 1.1165.

The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

USD/CAD level

If the pair extends rejection of 1.1195, it will find supports at 1.1165, 1.1150 and 1.1090. To the upside, resistances are at 1.1195, 1.1250 and 1.1290.

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