FXstreet.com (Barcelona) - The USD/CAD has trimmed its gains in an apparent consolidation move that is driving the pair south in these moments. After peaking briefly at an intraday maximum of 0.9972, the pair has since rescinded over 50 pips and trades presently in the region of 0.9917. The price of crude has not proved to be a deterrent for the greenback, which is firmly entrenched in the red, settling at USD $92.30, down -1.14%.
Despite this loonie resurgence, the exchange pair has still recorded a gain of +0.08% on the day, trading in positive territory. According to the technical analysts at Mataf.net, the cross’ advance will face its next thresholds found at 0.9942, then 0.9967, and ultimately 0.9984. Should this downward movement continue unabated, the USD/CAD will meet calculated support at 0.9900, 0.9883, and finally 0.9858.
Despite this loonie resurgence, the exchange pair has still recorded a gain of +0.08% on the day, trading in positive territory. According to the technical analysts at Mataf.net, the cross’ advance will face its next thresholds found at 0.9942, then 0.9967, and ultimately 0.9984. Should this downward movement continue unabated, the USD/CAD will meet calculated support at 0.9900, 0.9883, and finally 0.9858.
