FXstreet.com (Córdoba) - After finding strong resistance at the 1.0250 area, USD/CAD retreated considerably as the dollar stages a setback against most competitors during the American afternoon and stocks and commodities trimmed losses.
USD/CAD pulled back from a 2-week high of 1.0249 toward 1.0209 before stabilizing. At time of writing, the cross is quoting at the 1.0215 zone, still up 0.2% on the day.
In terms of technical levels, short-term supports are seen at 1.0195, 1.0165 and 1.0115, while resistances could be faced at 1.0250, and 1.0270 ahead of 1.0300/10.
USD/CAD pulled back from a 2-week high of 1.0249 toward 1.0209 before stabilizing. At time of writing, the cross is quoting at the 1.0215 zone, still up 0.2% on the day.
In terms of technical levels, short-term supports are seen at 1.0195, 1.0165 and 1.0115, while resistances could be faced at 1.0250, and 1.0270 ahead of 1.0300/10.
