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Forex: USD/CAD finds resistance at 1.0225

FXstreet.com (Córdoba) - The US dollar continued to advance versus its Canadian counterpart benefited by market's cautious mood in the back off disappointing Chinese data.

USD/CAD rose nearly 90 pips during the first 2 sessions of the week and reached a 10-day high of 1.0225 before easing a tad. At time of writing, the cross is trading around 1.0210, where it records a 0.7% daily gain.

In terms of technical levels, USD/CAD could find immediate resistances at 1.0225 (intraday high), 1.0235 (Apr 5 high) and 1.0265 (Mar 22 high). On the other hand, supports are seen at 1.0200 (psychological level/10-hour SMA), 1.0170 (20-hour SMA) and 1.0130 (intraday low).

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