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USD/CAD breaks below 1.0300

FXstreet.com (Córdoba) - The greenback broke below the 1.0300 against the loonie and fell to its lowest level in almost 2 weeks amid broad USD weakness in the wake of disappointing economic data.

USD/CAD stretched to a low of 1.0278 before pausing the decline and it is currently trading at the 1.0285 zone, recording a 0.8% loss on the day.

Below 1.0278 next supports could be found at 1.0250 (May 22 low) and 1.0215 (May 20 low). On the upside, resistances are now seen at 1.0300 (psychological level) and 1.0375 (daily high).

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