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Forex: USD/CAD rejeted by the 1.0165

FXstreet.com (San Francisco) - After rising around 20 pips from 1.0145, the USD/CAD tested the 1.0165 level just at the moment of the FOMC minutes early release but the pair was unable to trade higher and it was rejected down to test the 1.0150 area.

Currently the USD/CAD is trading at 1.0155, 0.10% below opening price. The pair is slightly bullish according to the FXstreet.com trend index with indicators such as CCI and Momentum pointing higher while the MACD and Stochastic going neutral.

Above the 1.0165, next resistances are at 1.0175 and 1.0200. On the downside, supports are at 1.0140, 1.0130 and 1.0125.

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