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Forex: USD/CAD collapses to 1.0200

FXstreet.com (San Francisco) - The US Dollar is currently trading lower against its Canadian counterpart following the better than expected US jobless claims data. The USD/USD has declined 35 pips in the latest minutes from 1.0230 to break down the 1.0220 support and test the 1.0200 area.

At this moment, the USD/CAD is trading at 1.0202, 0.50% down on the day. Pair is slightly bearish with indicators such as MACD, CCI and Momentum pointing south while the Stochastic is neutral in the 15-minute chart.

Below the 1.0200, next supports are at 1.0190 and 1.0165. Resistances are at 1.0225, 1.0240 and 1.0250.

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