Forex: USD/CAD trims losses back above 1.0100

FXstreet.com (London) - The Loonie has appreciated 120 pips since last Thursday with broad dollar strength in the Greenback and some poor outlooks for the Canadian economy.

The recent numbers have printed less jobs for their economy in Canada which helped the pair trim back some of its losses since the 1.0338 highs of this year with a low of 1.0012 this month. The support in the pair comes at pivot point and slightly above the psychological handle 1.0106 supporting Funds earlier on this session with a low of 1.0176. At the time of writing, the pair is sitting above he EMA20 1.0110 with a high of 1.0128 in London. Hourly technical readings are slightly bearish for the pair. SMA200 at 0.9990 would be next support.