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USD/CAD trims daily gains ahead of US data

FXStreet (Córdoba) - USD/CAD turned south and trimmed intraday gains after the latest upside attempt was rejected ahead of the 1.13 mark, putting the pair under under mild pressure.

USD/CAD reached a high of 1.1296 but found resistance at the 200-hour SMA and slid back to the 1.1260 zone, almost completely erasing intraday gains. At time of writing, the pair is trading at 1.1267, still up 0.10% on the day.

There is a busy session ahead, with US durable goods orders, initial jobless claims, personal income and spending as the main events ahead of the Thanksgiving holiday.

USD/CAD levels to watch

In terms of technical levels, USD/CAD could find next supports at 1.1248 (daily low) and 1.1228 (50-day SMA). On the flip side, resistances are seen at 1.1300 (psychological level) and 1.1315 (20-day SMA).

USD/CHF rebounds at 0.9620

USD/CHF erased losses and printed a fresh daily high at 0.9664; ahead of US economic data holds near the highs.
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