FXstreet.com (Córdoba) - Currencies linked to commodities reversed losses against the dollar and reached fresh daily highs after the Wall Street opening, with the Lonnie also helped by the Bank of Canada quarterly monetary policy report.
USD/CAD broke below previous lows and touched a nearly 2-week low of 1.0105, where the 200-day SMA helped to contain the slide. At time of writing, the cross is trading at the 1.0115 zone, virtually unchanged since opening.
As for technical levels, below 1.0100, next supports could be found at 1.0080 and 1.0070 (100-day MA) while resistances could be found at 1.0130, 1.0170 and 1.0200.
USD/CAD broke below previous lows and touched a nearly 2-week low of 1.0105, where the 200-day SMA helped to contain the slide. At time of writing, the cross is trading at the 1.0115 zone, virtually unchanged since opening.
As for technical levels, below 1.0100, next supports could be found at 1.0080 and 1.0070 (100-day MA) while resistances could be found at 1.0130, 1.0170 and 1.0200.
