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USD/CAD contained by 50-day SMA

FXStreet (Córdoba) - USD/CAD fell to fresh daily lows during the New York session as the greenback weakened across the board in the wake of disappointing economic data.

USD/CAD failed once again to overcome the 1.1300 level and softened, turning intraday negative and falling to a low of 1.1230 in recent dealings. At time of writing, USD/CAD is trading at 1.1237, recording a 0.17% loss on the day.

USD/CAD technical levels

In terms of technical levels, USD/CAD could find next supports at 1.1230/28 (daily low/50-day SMA) and 1.1200 (psychological level). On the flip side, resistances are seen at 1.1300 (psychological level) and 1.1315 (20-day SMA).

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